Micron signs deals with Qualcomm, others for AI-powered automobile chip components

Micron Technology on Thursday signed long-term agreements with automotive suppliers, including chip designer Qualcomm and audio products maker Harman, to secure memory and storage components that powers AI-enabled vehicles.

The agreements come as the industry races ‌to expand ⁠manufacturing ⁠capacity to meet the booming demand for memory chips due ​to the rapid adoption of AI tools.

These chips are used ​in data centers, consumer electronics and vehicles, where they support AI-enabled features such as ADAS and ​digital cockpits.