Ford Motor Company and Micron Technology signed a long-term strategic agreement to secure memory and storage solutions for future vehicles. Micron will increase production of automotive-grade DRAM and NAND memory chips to meet Ford's manufacturing needs.
The partnership aims to create a resilient supply chain and prevent semiconductor shortages that previously disrupted the automotive industry. Micron will utilize its ongoing U.S. manufacturing investments to support the deal, including its advanced DRAM production facility in Manassas, Virginia.
This collaboration will power advanced vehicle features such as driver-assistance systems and in-vehicle infotainment.