Micron Technology (NASDAQ: MU) and Ford Motor Company announced a long-term Strategic Customer Agreement to secure the supply of memory and storage solutions for Ford's next-generation vehicle production, according to a press release.

The agreement covers automotive memory and storage products, with Micron expanding output and capacity to support long product lifecycles and sustained supply for Ford's production programs. Micron's capacity expansion includes advanced DRAM production at its Manassas, Virginia manufacturing facility.

"Producing the high-volume vehicles of the future in the U.S. will require a resilient supply chain," said Jim Farley, President and CEO of Ford Motor Company. "We applaud Micron's commitment to manufacturing in America, expanding its domestic production and investing in a skilled workforce."

Sanjay Mehrotra, Chairman, President and CEO of Micron Technology, said the company is extending its collaboration with Ford "to help ensure a reliable, long-term supply of memory and storage solutions," adding that supply assurance and technology collaboration are central to supporting Ford's production needs.

The agreement is one of 16 strategic customer agreements Micron referenced during its fiscal third-quarter 2026 financial conference call.