Michael Fednoff

Michael Fednoff followed up on the long-term agreement (LTA) discussion, asking if any agreements have been finalized and whether partial or full prepayments were included in those finalized agreements or are expected to be a component moving forward.

Answer

CFO Luis Visoso confirmed that SanDisk has signed and closed one LTA so far. While not disclosing specific terms, he stated that this agreement did include a prepayment component, which the company considers important for such arrangements. He also mentioned that several other LTAs are currently in the queue.

Michael Fednoff asked if any long-term agreements (LTAs) have been finalized and if partial or full prepayments were included in any finalized agreements or are expected moving forward.

Answer

Luis Visoso (EVP and CFO) confirmed that one LTA has been signed and closed, which included a prepayment component. He added that several more LTAs are currently in the queue.