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Micron MU

SemiconductorsMarket cap $110B4 connections

Micron Technology makes DRAM (the RAM in your computer) and NAND flash (the storage in your SSD and phone). It's one of only three DRAM manufacturers globally alongside Samsung and SK Hynix. HBM (high bandwidth memory) for AI accelerators is its fastest-growing product - every NVIDIA H100 contains $12,000+ of Micron or competitor HBM. Memory is the most cyclical semiconductor segment.

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Suppliers 1

Companies that sell to Micron

  • IDACORPEnergy · $5BIdaho Power supplies Micron semiconductor fabs

Customers 3

Companies Micron sells to

  • AppleTechnology · $3.0TDRAM and NAND memory
  • MicrosoftTechnology · $2.8TMemory for Azure servers and Xbox
  • AmazonConsumer & Retail · $2.0TMemory for AWS servers and Amazon devices

Key relationships in depth

Micron & Apple

Micron Technology supplies DRAM and NAND flash memory chips used in iPhone, iPad, and Mac products. Memory is one of the most commoditized components in Apple's supply chain, and Apple sources from Micron alongside Samsung and SK Hynix to maintain competitive pricing and supply diversification. Micron's relationship with Apple is significant but not exclusive.

Why it matters: Apple's expanding on-device AI capabilities through Apple Intelligence require more DRAM than any previous iPhone generation. The iPhone 16 Pro ships with 8GB of DRAM, up from 6GB in the 15 Pro, driven partly by generative AI inference requirements. Micron supplies custom LPDDR5X memory optimized for Apple's memory bandwidth requirements.

Micron & Microsoft

Micron supplies DRAM, NAND, and high-bandwidth memory to Microsoft for use in Azure data centers, Xbox consoles, Surface devices, and Microsoft's AI infrastructure. Micron's HBM3E chips are critical components in the NVIDIA H100 and AMD MI300X AI accelerators that Microsoft deploys in Azure.

Why it matters: Microsoft's massive Azure AI buildout, including its OpenAI partnership, requires enormous memory bandwidth, making HBM-equipped AI chips from NVIDIA and AMD, which use Micron memory, essential infrastructure. Surface and Xbox hardware also rely on Micron LPDDR and NAND for consumer device performance.

Micron & Amazon

Micron Technology is a major supplier of DRAM and NAND flash memory to Amazon for use in AWS data center servers and Amazon consumer devices including Kindle, Echo, and Fire tablets. Micron's high-bandwidth memory (HBM) is increasingly critical for AI accelerator chips used in AWS GPU instances.

Why it matters: Amazon Web Services requires enormous quantities of memory chips to equip its global data center fleet, and Micron's DRAM and HBM chips are essential components in the servers and AI training clusters powering AWS. Micron's U.S.-based production capacity also aligns with Amazon's domestic supply chain diversification goals.

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Relationships are compiled by VexMap from company filings, announcements and reporting, and last reviewed September 2026. Spotted something wrong? Tell us. Not investment advice.