Nanya Technology Sees Higher Q4 Gross Margin as DRAM Prices Keep Rising

The shift from spot buying to long-term contracts and even equity stakes signals that DRAM buyers now treat supply security as a strategic, not tactical, problem — a marked change in bargaining dynamics that favors suppliers. For Nanya, that matters less for any single quarter's margin than for the durability of pricing power it implies. The open question is whether customers' willingness to lock in capacity, and partners' interest in owning a piece of it, persists once the current tightness eases.