Apple has entered a long-term supply agreement (LTA) for NAND flash memory with Kioxia, according to South Korean media reports. This deal marks a significant shift from Apple’s traditional purchasing strategy for this component. Market speculation suggests the agreement spans three to five years.
The contract reportedly lacks a price cap, allowing prices to align with spot-market fluctuations during shortages. This structure follows a period of surging memory prices.
iPhone 18 Pro memory costs are projected to rise nearly 400% in the third quarter of 2026 compared to the previous year. The agreement provides Apple with supply stability while offering Kioxia potential gains in a tight market. Specific volume and terms remain undisclosed.