SK Hynix Inc. is negotiating long-term DRAM supply contracts with Microsoft Corp. and Google. The potential deals carry a value of tens of billions of dollars. SK Hynix currently ranks as the world's second-largest memory chipmaker.

Tech giants seek to secure critical components to avoid AI-driven supply shortages. Microsoft and Google are also reportedly seeking similar long-term agreements with Samsung. Hyperscalers are competing to guarantee access to memory chips essential for AI accelerators.