Comment Re:Morons (Score 1) 23
Presumably, this is the whole point of these contracts, to hold the customers accountable for Micron making memory for them when the broader market is not necessarily looking for that particular memory.
Now I don't see how this can work out in one of the more well documented ones. OpenAI had at least a trillion dollars of these sorts of purchasing commitments, and even pretty bullish assessments don't support their ability to make that much purchase. So I do anticipate the market failing to make their minimum purchase commitments. I'm presuming there are penalties in these agreements and so they probably get money for nothing unless it gets so bad that OpenAI goes actually bankrupt.