Micron Technology (MU) and General Motors (GM) signed a strategic agreement for a long-term supply of memory and storage chips.
The partnership provides GM with LPDRAM, NOR, and UFS NAND flash storage for next-generation vehicles. These components support advanced driver-assistance systems (ADAS) and in-vehicle infotainment.
This deal marks the 16th long-term agreement for Micron as it seeks predictable revenue streams. GM secures its semiconductor supply chain as automotive technology demands increase.
Micron's recent $2 billion investment to modernize its Manassas, Virginia, DRAM facility supports the agreement.