Foundry Commitment and Forecasts Sample Clauses

The Foundry Commitment and Forecasts clause establishes the obligations of a foundry to accept and fulfill production forecasts provided by a customer. Typically, this clause outlines how the customer must submit periodic forecasts of their anticipated product needs, and specifies the extent to which the foundry is required to commit to manufacturing those quantities. For example, the foundry may be obligated to reserve production capacity or guarantee delivery for a certain percentage of the forecasted amount. This clause ensures predictability and reliability in the supply chain by clarifying expectations and commitments regarding production volumes.
Foundry Commitment and Forecasts. 2.1 SUPPLIER agrees to commit to PI the foundry capacity (“FOUNDRY CAPACITY”) as set forth in Exhibit A. Annually, PI will provide SUPPLIER with a non-binding twelve (12) month forecast of WAFER orders by WAFER TYPE (“PI ANNUAL FORECAST”). Annually during the Term of this Agreement and in advance of the beginning of SUPPLIER’s fiscal year, SUPPLIER and PI will jointly review the PI ANNUAL FORECAST and SUPPLIER’s FOUNDRY CAPACITY for the upcoming SUPPLIER fiscal year. Annually, at the beginning of SUPPLIER’s fiscal year during the Term of this Agreement, SUPPLIER will commit a FOUNDRY CAPACITY for the current SUPPLIER fiscal year, at each of the SUPPLIER’s plants making WAFERS for PI, in an amount no less than **** Percent (****%) of PI’s total WAFER purchases by WAFER TYPE during the previous SUPPLIER fiscal year. During the SUPPLIER fiscal year, SUPPLIER shall accept up to a **** percent (****%) upside request over the current FOUNDRY CAPACITY, by WAFER TYPE, upon a **** (****) month written advance notice from PI, unless the current FOUNDRY CAPACITY represents **** percent (****%) of SUPPLIER’s total capacity in which case such advance notice shall be a **** (****) month written notice. SUPPLIER can request PI to negotiate to reduce the committed FOUNDRY CAPACITY, by WAFER TYPE, for the then current SUPPLIER fiscal year, if SUPPLIER and PI determine that PI will not order at least **** percent (****%) of the PI ANNUAL FORECAST by WAFER TYPE. Any negotiated reduction in FOUNDRY CAPACITY must be agreed to by PI in writing. 2.2 PI shall provide SUPPLIER, on or before a mutually agreed day of each calendar month, a written **** (****) month forecast (“PI MONTHLY FORECAST”) of the quantity of the WAFERS of each PRODUCT to be manufactured and delivered during the Term of this Agreement. Such forecast shall be in conformity with the FOUNDRY CAPACITY. 2.3 PI must order at least the quantity of WAFERS by WAFER TYPE forecasted in the first **** (****) months of the PI MONTHLY FORECAST unless SUPPLIER agrees to any change. PI may revise the quantity for each of the last **** (****) months of each PI MONTHLY FORECAST without penalty or charge.
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Related to Foundry Commitment and Forecasts

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