By Reuters

June 22, 2026

Micron logo is seen in this illustration taken June 11, 2026. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

June 22 (Reuters) - Micron Technology (MU.O), opens new tab said on Monday it has signed an agreement with Anthropic that includes supply of memory and storage products, ?and a strategic investment in the IPO-bound AI ?company's latest funding round.

AI developers are racing to secure critical components for increasingly expensive data-center buildouts, while memory makers look to tap into the soaring demand ?for high-bandwidth memory and storage used in training ?and running advanced AI models.

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"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," said Tom Brown, Anthropic's co-founder and chief compute officer.

The AI developer has in recent months signed several major agreements to secure ?more computing capacity, including deals with CoreWeave, Broadcom and ?SpaceX.

Micron, a major supplier of high-bandwidth memory, said it would work ?with ?Anthropic to analyze how memory and storage systems perform across AI workloads and interact with the broader infrastructure stack.

The memory chipmaker said it has already deployed Claude models internally, ?applying them ?to coding ?and agentic use cases across engineering, manufacturing and enterprise functions, and expects to expand those ?deployments.

Financial terms of the supply agreement and ?Micron's Series ?H investment in Anthropic were not disclosed.

Anthropic, the company behind the viral coding assistant Claude Code, said on June 1 it ?had confidentially ?filed for a U.S. initial public ?offering, after raising $65 billion in the Series H that valued it at $965 billion.