Micron Technology and the Ford Motor Company recently signed a long-term agreement for the supply of memory chips for next-generation vehicle production.
Micron Technology noted the Strategic Customer Agreement (SCA) with Ford comes as it increases output of key products tailored to the long product lifecycles of the automotive segment.
It also pointed to an ongoing strategy to expand local manufacturing for customers in the sector, including through advanced Dynamic Random-Access Memory (DRAM) production in the US state of Virginia.
Micron Technology chair, president and CEO Sanjay Mehrotra said “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”.
“Through supply assurance, deep technology collaboration and continued investment in manufacturing capacity, we are helping enable consistent, long-term support for Ford’s next-generation vehicle production as demand for advanced memory continues to grow”.
Source: Mobile World Live
Image Credit: Micron
Source: Tahawul Tech