Micron, Ford Sign Semiconductor Supply Agreement for Vehicles
The agreement follows a similar General Motors deal as Micron expands U.S. manufacturing and says demand for advanced memory is rising.
- On Monday, Micron Technology and Ford Motor Company signed a long-term agreement to secure memory and storage platforms for the automaker's next-generation vehicle production.
- This deal follows a similar arrangement with General Motors, reflecting Micron's strategy to expand domestic manufacturing, including advanced DRAM production facilities in Virginia.
- Among 16 supply contracts outlined during the third quarter, these agreements demonstrate how automakers increasingly compete for memory chips essential for driver aid and infotainment systems.
- "As vehicles become more intelligent and data-intensive, the importance of advanced memory and storage continues to grow," Micron CEO Sanjay Mehrotra said, emphasizing long-term collaboration.
- DRAM prices have risen about 70% since December, according to a Global Mobility report, driven by surging investments towards AI-powered data centers.
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Globo
CNN BrasilMicron Technology and Ford Motor signed a long-term agreement on Monday (06) to ensure the supply of memory and storage platforms used in the production of next generation vehicles from the assembler. This takes place days after Micron has signed a similar agreement with General Motors, as part of the chip manufacturer's ongoing investments to expand production in the US for automotive industry customers, including expansion of advanced DRAM pro…
Micron and Ford Sign Long-Term Semiconductor Supply Agreement | 📲 LatestLY
Micron Technology has signed long-term agreements with Ford and General Motors to supply critical memory chips for vehicle production. As AI infrastructure drives a 70% increase in DRAM prices, automakers are securing these partnerships to ensure the stability of their increasingly data-intensive systems. 📲 Micron and Ford Sign Long-Term Semiconductor Supply Agreement.
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