General Motors and Micron Technology announced Wednesday that they had formalized a long-term supply agreement covering memory and storage chips for automotive manufacturing.
Under the Strategic Customer Agreement, GM will secure supply of LPDRAM, NOR, and UFS NAND products from Micron
The two companies also said they will continue working together to develop and qualify future memory technologies for next-generation vehicle platforms. Micron said the deal will be supported by its manufacturing operations in the U.S., including a recently modernized memory chip facility in Manassas, Virginia. The company said it invested $2 billion to upgrade that facility, which began production earlier this year. “Delivering next-generation vehicles at scale requires a resilient and closely aligned supply chain,” General Motors Chair and CEO Mary Barra said in a statement. “Our expanded collaboration with Micron strengthens our access to critical memory technologies while enabling deeper integration across our vehicle platforms, supporting both performance and long-term reliability.” Micron Chairman, President and CEO Sanjay Mehrotra said in a statement that the agreement is designed to deliver “long-term supply assurance and technology innovation critical to the future of the automotive industry.” Growing adoption of advanced driver assistance technology and feature-rich infotainment systems has elevated the role of memory chips as a critical input in modern vehicle manufacturing.
The automaker characterized the deal as a precautionary measure aimed at shoring up access to key components, not a reaction to any current supply problems, according to Reuters. S&P Global Mobility data, cited by the outlet, shows that DRAM prices have surged approximately 70% from December levels, a trend fueled by record spending on AI-oriented data center infrastructure. Micron said the GM deal is one of 16 strategic customer agreements the company discussed during its fiscal third-quarter 2026…