[Aurelius3]

I assume they have long term contracts in place for this kind of thing so they can't really get screwed over in that way.

[jbay808]

But aren't those the contracts that they cancelled in 2020?

[kaftoy]

Yes they do. First, they normally buy complete electronics (functional devices with or without software), not just chips. Second, they do have strong contracts, spreading for 3, 4, 5+ years, specifying the volumes for each contracted year and also the piece price (among other details, of course).