Seoul, July 18 -- Micron Technology is doubling down on automotive AI chips, signing multiyear supply agreements with major industry players including Hyundai Mobis, Harman and Qualcomm, according to a report by The Korea Herald.

The US memory chip-maker said Thursday it has signed strategic customer agreements with seven automotive technology partners: Qualcomm, Visteon, Harman, Joynext, Denso, Astemo and Hyundai Mobis, the report noted.

"As vehicles become increasingly intelligent, memory and storage are critical enablers of technology experiences that consumers demand," said Micron Chairman Sanjay Mehrotra.

"These SCAs with leading automotive technology partners will help ensure that advanced vehicle platforms have the memory and st...