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Micron Signs Long-Term Automotive Chip Deals as AI-Powered Vehicles Drive Memory Demand

By Abigail Cheong5 min read

Boise, 16 July 2026 – Micron Technology has signed long-term agreements with Qualcomm and several major automotive technology suppliers to provide memory and storage components for artificial intelligence-powered vehicles, highlighting the rapid increase in semiconductor demand across the global automotive industry.

The agreements involve Qualcomm, Harman, Visteon, JOYNEXT, Denso, Astemo and Hyundai Mobis, expanding Micron’s partnerships across the automotive semiconductor and vehicle-component ecosystem.

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  • I am Abigail, a journalist at The Ledger Asia, covering business and finance with a focus on the Malaysian Stock Market and key economic developments across Asia. Known for clear, accessible reporting, I deliver insights that help readers understand market trends, corporate movements, and regional news shaping the Asian economy.