Micron inks long-term memory supply deal with Ford for next-gen vehicles
MU has more than doubled off its 52-week low of $103.38.
Summary
Micron Technology announced a long-term Strategic Customer Agreement (SCA) with Ford Motor Company to supply memory and storage solutions for Ford's next-generation vehicles. This agreement solidifies Micron's long-term demand visibility with a major automotive customer and supports its ongoing capacity expansions. The deal is one of 16 strategic customer agreements that Micron previously discussed during its record Q3 fiscal 2026 earnings call on June 24th, which highlighted massive revenue and net income growth driven by strong AI demand. For Ford, the agreement helps secure a resilient supply chain for critical components.
At the time of this announcement, MU was trading at $1,009.30 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.1T. The 52-week trading range was $103.38 to $1,255.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.