UPDATE 1-Micron, GM sign semiconductor supply agreement for vehicles

جنرال موتورز
ميكرون تيكنولوجي

General Motors Company

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Micron Technology, Inc.

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Adds details from release, background throughout

- Micron Technology MU.O and General Motors GM.N have signed a supply agreement for memory and storage platforms used in vehicle production, the companies said on Wednesday.

The agreement comes at a time when automakers are looking to bolster their semiconductor supply chains to help with growing computing needs on modern vehicles.

The chipmaker said the agreement would be supported by its expanding U.S. manufacturing footprint, including its recently modernized memory chip plant in Virginia.

Micron said GM's deal is one of 16 strategic customer agreements that it outlined during its third quarter.