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Live+1 todayUpdated 5m ago

Micron and Ford Sign Long-Term Memory Supply Agreement for Next-Gen Vehicles

Micron Technology and Ford Motor Company have signed a long-term strategic customer agreement to secure memory and storage supply for Ford's next-generation vehicles.

Strategic Customer Agreements discussed on Micro

16

What Happened

Micron Technology and Ford Motor Company have announced a long-term Strategic Customer Agreement (SCA) to ensure a stable supply of memory and storage solutions for Ford's next-generation vehicles. Micron is increasing output of key automotive memory solutions and expanding its advanced DRAM production at its Manassas, Virginia fab. These investments aim to support long product lifecycles and strengthen the broader automotive ecosystem.

Producing the high-volume vehicles of the future in the U.S. will require a resilient supply chain. We applaud Micron’s commitment to manufacturing in America, expanding its domestic production and investing in a skilled workforce.
Jim Farley, President and CEO of Ford Motor Company
We are proud to extend our collaboration with Ford to help ensure a reliable, long-term supply of memory and storage solutions. As vehicles become more intelligent and data-intensive, the importance of advanced memory and storage continues to grow, making collaboration and long-term supply increasingly important.
Sanjay Mehrotra, Chairman, President and CEO of Micron Technology
Strategic Customer Agreements discussed on Micron's fiscal Q3 20

16

This SCA is one of 16 discussed, highlighting Micron's broad partnerships.

Previously from Micron Technology, Inc.

Micron recently signed a similar long-term supply agreement with General Motors for next-generation vehicle platforms, indicating a strategy to secure partnerships with major automakers.

Background drawn from MotorClaw's earlier coverage of Micron Technology, Inc.'s official releases.

Why this matters

This agreement ensures Ford a stable supply of advanced memory chips, critical as vehicles become more data-intensive. It also reflects Micron's investment in U.S. manufacturing, potentially benefiting domestic workers and the automotive supply chain.

Terms in This Story

DRAM
Dynamic Random-Access Memory, a type of semiconductor memory that stores each bit of data in a separate capacitor. It is commonly used as main memory in computers and increasingly in vehicles.
NAND
A type of non-volatile storage technology that retains data even when power is off. It is used in solid-state drives (SSDs) and memory cards.
SCA
Strategic Customer Agreement, a long-term contract between a supplier and a customer to ensure supply of products.
fab
Short for fabrication plant, a factory where semiconductor devices are manufactured.
Read Original: Micron Technology, Inc.

Summarised from the linked release; details can be imperfect — always verify against the original source.