Memory chip makers are leveraging their newfound power to secure long-term agreements, a move set to reshape the industry's business model and stabilize prices (Dan Gallagher/Wall Street Journal)

Dan Gallagher / Wall Street Journal: Memory chip makers are leveraging their newfound power to secure long-term agreements, a move set to reshape the industry's business model and stabilize prices — Micron, Samsung and SK Hynix are cheap despite their $1 trillion valuations if long-term contracts stabilize the sector