Micron signs long-term chip supply deal with GM as shortages seen beyond 2026

The Strategic Customer Agreement covers LPDRAM, NOR flash and UFS NAND for current and future vehicle platforms, underscoring automakers’ push for resilient multi-year semiconductor supply.

Summary

Micron Technology has signed a long-term Strategic Customer Agreement with GM to supply memory and storage chips for current and future vehicle platforms. The deal covers LPDRAM, NOR flash and UFS NAND used in systems from infotainment to advanced driver assistance, and reflects a broader industry move to secure critical semiconductor supply through multi-year commitments. Micron’s CEO has said memory shortages are expected to persist beyond 2026. GM CEO Mary Barra said, “Delivering next-generation vehicles at scale requires a resilient and closely aligned supply chain.”

Terms & Concepts
  • LPDRAM: Low-power dynamic random-access memory, a type of memory designed for energy-efficient applications such as automotive and mobile systems.
  • NOR flash: A non-volatile memory chip commonly used to store code and support fast read access in embedded systems.
  • UFS NAND: Universal Flash Storage NAND, a type of flash storage used for high-speed data access in devices including vehicles and smartphones.