Tech Giants Micron, Qualcomm Ink Pct To Power AI In Vehicles

On Wednesday, Micron Technology, Inc. MU said it has qualified a full suite of its automotive-grade memory and storage solutions for Qualcomm Incorporated‘s QCOM Snapdragon Digital Chassis.

Micron and Qualcomm Technologies collaborate to advance AI-powered intelligent vehicle development for the next generation.

Qualcomm’s Snapdragon Digital Chassis is a comprehensive set of cloud-connected platforms designed to power data-rich, intelligent automotive services. 

According to Benzinga Pro, QCOM stock has gained over 41% in the past year. Investors can gain exposure to the stock via First Trust Nasdaq Semiconductor ETF FTXL and Invesco PHLX Semiconductor ETF SOXQ.

Micron has integrated LPDDR5X memory, UFS 3.1, Xccela flash memory, and quad SPI-NOR flash into the newest Snapdragon automotive solutions, catering to AI needs.

“Our broad portfolio of automotive memory and storage solutions provides the instant-on performance required on the road, and we’re thrilled to work with Qualcomm Technologies to accelerate ecosystem adoption of the leading-edge solutions designed to make vehicles safer and smarter,” said Chris Jacobs, vice president of Micron’s embedded market segments. 

“Today’s software-defined vehicles and immersive cockpits require highly reliable, ultralow-latency memory and storage to process massive amounts of data at the edge and enable time-critical near-instant decision-making,” Jacobs added. 

According to Benzinga Pro, MU stock has gained over 93% in the past year. Investors can gain exposure to the stock via REX FANG & Innovation Equity Premium Income ETF FEPI and Invesco Semiconductors ETF PSI.

Price Action: MU shares are trading lower by 2.05% to $120.12 premarket on the last check Wednesday; while QCOM shares closed higher by 1.12% to $175.57 on Tuesday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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