Micron signs deals with Qualcomm, others for AI-powered automobile chip components

July 16 : Micron Technology on Thursday signed long-term agreements with automotive suppliers, including chip designer Qualcomm and audio products maker Harman, to secure memory and storage components that powers AI-enabled vehicles.The agreements come as the industry races to expand manufacturing capacity to meet the booming demand for memory chips due to the rapid adoption of AI tools.These chips are used in data centers, consumer electronics and vehicles, where they support AI-enabled features such as ADAS and digital cockpits.Micron, the only U.S.-based manufacturer of high bandwidth memory chips used with Nvidia's AI processors, has also seen the extraordinary demand, allowing it and rivals SK Hynix and Samsung Electronics to charge premium prices. The chipmaker's agreements, includin