Samsung CEO seeks multi-year chip contracts with major customers

By Hyunjoo Jin and Heekyong Yang SUWON, South Korea, March 18 (Reuters) - Samsung Electronics co-CEO said the chipmaker is working with major customers to shift to multi-year contracts of three-to-five years to shield them from potential demand fluctuations. Co-CEO Jun Young-hyun said the chip ‌industry is entering an "unprecedented supercycle" driven by growing investment in AI data centres, and Samsung must prepare for "various scenarios". "There are concerns ‌regarding overheating in investment in ...