Partnership Aims to Strengthen Vehicle Supply Chain
Micron Technology Inc. (NASDAQ:MU) and Ford Motor Company (NYSE:F) have entered into a long-term strategic customer agreement designed to secure the supply of memory and storage technologies for Ford’s future vehicle programmes.
The agreement is intended to support next-generation vehicle production while improving supply chain resilience as demand for advanced automotive electronics continues to increase.
Micron Expands Manufacturing Capacity
To support the partnership, Micron is increasing production capacity for its automotive memory products, with investments aimed at supporting long vehicle production cycles and ensuring a reliable supply for future manufacturing programmes.
The company is also continuing to expand and localize production for automotive customers, including additional advanced DRAM manufacturing capacity at its facility in Manassas, Virginia.
Executives Highlight Importance of Domestic Manufacturing
Ford President and Chief Executive Officer Jim Farley said strengthening U.S. manufacturing will be essential for future vehicle production.
“Producing the high-volume vehicles of the future in the U.S. will require a resilient supply chain. We applaud Micron’s commitment to manufacturing in America, expanding its domestic production and investing in a skilled workforce.”
Micron Chairman, President and Chief Executive Officer Sanjay Mehrotra said the agreement reflects the growing importance of long-term collaboration across the automotive industry.
“We are proud to extend our collaboration with Ford to help ensure a reliable, long-term supply of memory and storage solutions. 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.”
Agreement Supports Growing Automotive Demand
Micron said the strategic customer agreement was one of 16 partnerships discussed during its fiscal third-quarter 2026 earnings conference call.
Following the announcement, Ford shares traded about 1% higher in premarket trading, while Micron shares gained approximately 3.3%.