Micron Technology Inc (NASDAQ:MU) and Ford Motor Company (NYSE:F) have entered into a long-term Strategic Customer Agreement aimed at strengthening the supply of memory and storage solutions for Ford’s future vehicle production, the companies said.
The agreement is designed to support Ford’s next-generation vehicle programs by securing a more stable supply of high-performance automotive memory and storage products, which are increasingly critical as vehicles become more software-driven and data-intensive.
Micron said it is expanding output of key automotive memory solutions and increasing manufacturing capacity to support long product lifecycles and sustained demand from automotive customers. The company noted that these investments are part of broader efforts to scale supply in line with global demand for memory and storage, while also supporting the wider automotive supply chain.
As part of its manufacturing strategy, Micron highlighted ongoing investments in US production, including expanded DRAM output at its Manassas, Virginia facility.
Ford CEO Jim Farley said the agreement supports the company’s efforts to build vehicles in the United States with a more resilient supply chain.
“Producing the high-volume vehicles of the future in the US will require a resilient supply chain,” Farley said, adding that Ford welcomes Micron’s expansion of domestic manufacturing and workforce investment.
Micron CEO Sanjay Mehrotra said the collaboration reflects growing demand for advanced memory in modern vehicles.
“As vehicles become more intelligent and data-intensive, the importance of advanced memory and storage continues to grow,” Mehrotra said, adding that long-term supply agreements and manufacturing investment are key to supporting Ford’s future production needs.
Shares of Micron added 3% on the announcement, while Ford shares were up 2%.
