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

On Wednesday, Micron Technology, Inc. (NASDAQ:MU) said it has qualified a full suite of its automotive-grade memory and storage solutions for Qualcomm Incorporated‘s (NASDAQ:QCOMSnapdragon 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 (NASDAQ:FTXL) and Invesco PHLX Semiconductor ETF (NASDAQ: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 (NASDAQ:FEPI) and Invesco Semiconductors ETF (NYSE: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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