Micron and Ford Sign Long-Term Memory Supply Agreement

Micron Technology, Inc. and Ford Motor Company signed a long-term Strategic Customer Agreement on July 6, 2026, to secure the supply of memory and storage solutions for Ford's next-generation, software-driven vehicles. The partnership aims to stabilize the supply of high-performance components as automotive electronics become increasingly data-intensive.

To support the agreement, Micron is expanding its manufacturing capacity for automotive memory products. This includes a $2 billion upgrade of its fabrication plant in Manassas, Virginia, which began production earlier this year and focuses on increasing advanced DRAM output. This move follows a similar strategic supply arrangement previously established between Micron and General Motors.

Ford CEO Jim Farley stated that a resilient U.S.-based supply chain is necessary for high-volume vehicle production. Micron CEO Sanjay Mehrotra noted that collaboration is essential as vehicles become more intelligent. Following the announcement, Micron shares rose between 3% and 3.43% on the Nasdaq, while Ford shares increased between 0.88% and 2% on the New York Stock Exchange.