Micron and Ford announce long-term memory supply agreement

Investing.com -- Micron Technology Inc and Ford Motor Company announced Monday a long-term strategic customer agreement to strengthen the supply of memory and storage solutions for Ford's next-generation vehicle production.

Micron is expanding output of automotive memory solutions with capacity increases designed to support long product lifecycles and ensure sustained supply for production programs. The investments are part of Micron's efforts to scale supply with growing global demand for memory and storage.

The agreement is supported by Micron's investments to expand and localize manufacturing for automotive customers, including expansion of advanced DRAM production at its Manassas, Virginia 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."

"We are proud to extend our collaboration with Ford to help ensure a reliable, long-term supply of memory and storage solutions," said Sanjay Mehrotra, chairman, president and CEO of Micron Technology. "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."

The strategic customer agreement is one of 16 discussed on Micron's fiscal third-quarter 2026 financial conference call.

Ford shares traded roughly 1% higher in pre-market Monday following the announcement. Micron traded 3.3% higher.

You May Also Be Interested In

• Apple suing OpenAI over alleged misappropriation of trade secrets
• Cognizant shareholder derivative settlement gets preliminary approval
• HSBC Starts IHH Healthcare (IHH:MK) (IHHHF) at Buy