Micron signs 3- to 5-year chip supply deals with Hyundai Mobis, Qualcomm, Harman

Micron Technology has signed Strategic Customer Agreements with Hyundai Mobis, Qualcomm, Harman and other automotive partners to supply memory and storage semiconductors for in-vehicle artificial intelligence systems under contracts lasting three to five years. The deals cover AI-based vehicle platforms including in-vehicle infotainment, ADAS (advanced driver-assistance systems) and connectivity systems, and are designed to give customers greater certainty on supply and pricing as competition for memory chips intensifies. Micron said on July 16 that participants also include Visteon, Joynext, Denso and Astemo. The move reflects a broader shift toward longer-term chip procurement as AI demand spreads across data centers, consumer electronics and vehicles. Micron said last month, when reporting fiscal third-quarter results for March through May, that it had signed 16 SCAs. Unlike conventional annual supply agreements, SCAs lock in volumes and prices in advance for three to five years, helping memory makers manage long-term demand visibility and cushion downturns often referred to in the industry as a semiconductor winter.