General Motors (GM) Partners With Micron for Long-Term Supply Agreement

On July 1, General Motors Co (NYSE: GM) and Micron Technology announced a Strategic Customer Agreement to secure long-term supplies of memory and storage products critical for GM's vehicle production. This partnership aims to strengthen supply chains in the automotive sector and support new manufacturing innovations. Mizuho Securities has set a price target of $100 for GM, indicating a potential 31% upside. The agreement comes as global semiconductor demand rises, highlighting the importance of reliable access to memory chips for automotive manufacturers.