英特尔与AMD将与中国客户签署AI数据中心CPU长协

$INTC and $AMD to sign CPU LTAs with Chinese customers for AI DCs (Reuters).

• Prices of some CPU products have risen more than 40% in China since the start of the year from sources.
• Month-on-month increases topping 10% for some products

CPUs were already a bottleneck, following CPU ratios due to AI inference...

But the broader trend of LTAs seems to be appearing from:

• Memory, with $MU, Samsung, $SNDK, and SK Hynix signing DRAM/NAND LTAs.
• Photonics, with $LITE, $COHR signing EML LTAs. And recent Trendforce reports that $AMD and hyperscalers are now pursuing CW LTAs.

And I'm sure there's many more from MLCCs to all the way to substrates.

+1 for the bottleneck investors... hard to be a "bubble that pops" if you have take or pay demand spanning multiple years.