📢 𝐉𝐔𝐒𝐓 𝐈𝐍: Micron, GM Sign Long-Term Automotive Memory Supply Agreement - $Micron Tech(MU.US) $General Motors(GM.US)

👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:

➤ 𝐌𝐢𝐜𝐫𝐨𝐧 and 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐌𝐨𝐭𝐨𝐫𝐬 signed a 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫 agreement.

➤ GM secured long-term supply of 𝐋𝐏𝐃𝐑𝐀𝐌, 𝐍𝐎𝐑, and 𝐔𝐅𝐒 𝐍𝐀𝐍𝐃 memory products.

➤ Companies will jointly develop 𝐧𝐞𝐱𝐭-𝐠𝐞𝐧 memory and storage solutions for future vehicles.

➤ Collaboration includes product definition, 𝐬𝐲𝐬𝐭𝐞𝐦 𝐨𝐩𝐭𝐢𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧, and technology qualification.

➤ Agreement is supported by Micron's 𝐔.𝐒. $𝟐 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 investment in its Virginia facility.

➤ The Manassas plant began 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 earlier this year for automotive-grade memory.

➤ Facility is designed to support the auto industry's 𝐥𝐨𝐧𝐠 𝐩𝐫𝐨𝐝𝐮𝐜𝐭 𝐥𝐢𝐟𝐞𝐜𝐲𝐜𝐥𝐞𝐬.

➤ Agreement strengthens supply chain resilience for GM's 𝐧𝐞𝐱𝐭-𝐠𝐞𝐧 vehicle platforms.

👉 𝐖𝐡𝐲 𝐈𝐭 𝐌𝐚𝐭𝐭𝐞𝐫𝐬:

➤ Long-term supply agreements reduce risks from 𝐚𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 semiconductor shortages.

➤ Expands Micron's presence in the growing 𝐚𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 memory market.

➤ Supports GM's development of more 𝐬𝐨𝐟𝐭𝐰𝐚𝐫𝐞-𝐝𝐞𝐟𝐢𝐧𝐞𝐝 and connected vehicles.

👉 𝐄𝐱𝐩𝐞𝐫𝐭 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭:

➤ "Delivering next-generation vehicles at scale requires a resilient and closely aligned supply chain. 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." — 𝐌𝐚𝐫𝐲 𝐁𝐚𝐫𝐫𝐚, Chair and CEO of General Motors.

➤ "This agreement is designed to deliver long-term supply assurance and technology innovation, and our U.S. manufacturing investments are intended to support both near-term products and next-generation platforms." — 𝐒𝐚𝐧𝐣𝐚𝐲 𝐌𝐞𝐡𝐫𝐨𝐭𝐫𝐚, Chairman, President and CEO of Micron.