Micron Technology announced Monday that it has reached an agreement with Anthropic covering the supply of memory and storage products, along with a strategic investment in the AI company’s most recent funding round.
AI developers are in a race to lock down essential hardware components as the cost of building out data centers continues to climb. Meanwhile, memory manufacturers are eager to capitalize on surging demand for high-bandwidth memory and storage products used in developing and operating advanced AI systems.
Tom Brown, Anthropic’s co-founder and chief compute officer, explained the importance of the partnership: “Our compute strategy depends on getting every layer of the stack right, and memory and storage are central to how efficiently we can train and serve Claude.”
Anthropic has been busy over recent months securing computing capacity through a series of major partnerships, including agreements with CoreWeave, Broadcom, and SpaceX.
As part of the new deal, Micron said it will collaborate with Anthropic to evaluate how memory and storage systems perform across various AI workloads and how they interact with the broader technology infrastructure.
Micron noted that it has already put Anthropic’s Claude models to work internally, using them for coding and automated task applications across engineering, manufacturing, and enterprise operations, with plans to broaden those deployments going forward.
The financial details of both the supply agreement and Micron’s Series H investment in Anthropic were not made public.
Anthropic, the company behind the widely used coding assistant Claude Code, announced on June 1 that it had confidentially filed for a U.S. initial public offering. That filing came after the company raised $65 billion in its Series H funding round, which placed its valuation at $965 billion.
