Samsung Electro-Mechanics won a W360.5b memory substrate supply deal. The read-through is order visibility for the component chain and a firmer pricing backdrop for substrates. $009150.KS

What happened: Samsung Electro-Mechanics signed a 360.5 billion won contract to supply high-performance package substrates for memory chips to an unnamed major global customer, under a one-year deal running Jan. 1 through Dec. Why it matters: The deal expands the company's long-term supply agreements into its package substrate business, following contracts this year for silicon capacitors, MLCCs and inductors. The company aims to raise the share of longer-term contracts to reduce exposure to industry cycles and improve earnings visibility.

Samsung Electro-Mechanics signed a 360.5 billion won contract to supply high-performance package substrates for memory chips to an unnamed major global customer, under a one-year deal running Jan. 1 through Dec.

The deal expands the company's long-term supply agreements into its package substrate business, following contracts this year for silicon capacitors, MLCCs and inductors. The company aims to raise the share of longer-term contracts to reduce exposure to industry cycles and improve earnings visibility.