Micron signs deals with Qualcomm, others for AI-powered automobile chip components
Micron logo is seen in this illustration taken June 11, 2026. REUTERS/Dado Ruvic/Illustration
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
July 16 : Micron Technology on Thursday signed long-term agreements with automotive suppliers, including chip designer Qualcomm and audio products maker Harman, to secure memory and storage components that powers AI-enabled vehicles.
The agreements come as the industry races to expand manufacturing capacity to meet the booming demand for memory chips due to the rapid adoption of AI tools.
These chips are used in data centers, consumer electronics and vehicles, where they support AI-enabled features such as ADAS and digital cockpits.
Micron, the only U.S.-based manufacturer of high bandwidth memory chips used with Nvidia’s AI processors, has also seen the extraordinary demand, allowing it and rivals SK Hynix and Samsung Electronics to charge premium prices.
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
The chipmaker’s agreements, including those with auto parts suppliers Visteon, JOYNEXT, DENSO, Astemo, and Hyundai Mobis, aim to offer stable supply and pricing for better production planning and investments in future advanced vehicle platforms.
“As vehicles become increasingly software-defined, automakers need technology platforms that bring together high-performance compute, connectivity, memory and storage,” said Cristiano Amon, president and CEO of Qualcomm.
Micron CEO Sanjay Mehrotra said in June the company signed 16 strategic customer agreements, as he expects data center-driven growth will be increasingly complemented by AI-enabled features in smartphones, high-end PCs, automotive applications and robotics.
Source: Reuters
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
About The Author
