Micron Locks In Auto Memory Deals and AI Demand Through 2026
Micron says AI-driven demand through 2026 is offsetting past cyclical exposure. Auto agreements completed with Qualcomm, Visteon, HARMAN, JOYNEXT, DENSO, Astemo and Hyundai Mobis expand visibility for memory and storage used in advanced driver-assistance and in-cabin computing. In the nine months ended May 28, revenue rose to $79B and net income to $47B, aided by five-year price agreements.