(Image credit: Getty / Justin Sullivan) In a world where memory is no longer a commodity but a strategically valuable asset, customers are eager to sign long-term supply agreements (LTAs) with their suppliers to ensure a steady supply of 3D NAND and/or DRAM. Micron this week announced that it had signed 16 strategic customer agreements (SCAs), 14 of which are worth around $100 billion. Furthermore, the company expects to receive cash deposits and other commitments worth $22 billion, but has warned there is no foreseeable end in sight to the RAM crisis driving up PC component prices. “14 of the 16 SCAs that we have signed have a cumulative revenue at minimum price per our contracts of approximately $100 billion over the remaining agreement term,” a statement by Micron reads.…