[UBS: Micron's Long-Term Contracts Are Solid Enough to Withstand Potential Market Downturns in the Coming Years] Odaily Planet Daily News – UBS analysts stated in a research report that Micron Technology's long-term contracts with customers are solid enough to endure any market downturns over the next few years. Investors may worry that these contracts could falter if the market slows down, but the minimum prices set in the contracts are low enough that sufficient supply to break the price floor and prompt customers to consider defaulting is unlikely to come online until 2029, or more likely 2030. UBS analysts also noted that Micron Technology has received advance cash payments from customers, which could ultimately amount to $40 billion to $50 billion. If conditions worsen, this could serve as a robust buffer against defaults. (Jin10)