Micron Technology announced strategic investment in Anthropic combined with long-term memory chip supply agreement, deepening chipmaker commitment to major LLM producers.
Micron has made a memory and SSD supply deal with Anthropic, the AI foundation model and Claude developer, along with investing in Anthropic's H-round funding. The supply agreement includes allocations of Micron HBM, DRAM, and SSDs to Anthropic. The overall deal also encompasses AI infrastructure architecture design analysis and Micron Claude use.
Tom Brown, co-founder and Chief Compute Officer at Anthropic, said: "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. Partnering with Micron means we collaborate closely on optimizing these systems for our workloads and secure the supply we need. As demand for Claude grows, this is how we scale our compute for the long term."
Samsung and SK Hynix also participated in the H-round funding.
Sumit Sadana, Micron EVP and Chief Business Officer, said: "The AI revolution has permanently elevated the role of memory and storage solutions from the data center to the edge. Micron's strategic collaboration with Anthropic brings together the industry-leading capabilities of both companies to innovate and scale next-generation AI infrastructure."
The strategic collaboration encompasses a multi-year supply agreement positioning Micron to support Anthropic's growth trajectory as the frontier AI lab scales its compute strategy. Micron and Anthropic will also analyze how memory and storage subsystems perform across various workloads and interact across the full infrastructure stack to drive advances in memory and storage performance, energy efficiency, and enhanced token economics in Anthropic's AI infrastructure. Additionally, Micron has deployed Anthropic's Claude models to accelerate coding and enable agentic use cases across engineering, manufacturing, and enterprise functions, expecting to unlock new ways to design, build, and operate at scale.
Anthropic, which has filed for an IPO, raised $65 billion in its H funding round last month. The round was led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital and valued Anthropic at $965 billion post-money, just shy of $1 trillion. This follows Anthropic's $30 billion G round in February with a $380 billion valuation. Total Anthropic funding is now $144 billion. Micron now holds shares in Anthropic as a result of its H-round participation and stands to realize substantial returns if Anthropic's IPO is successful.
Anthropic opened a Seoul, Korea office this month with partnerships across the Korean AI ecosystem involving enterprises, startups, and researchers. The company signed a Memorandum of Understanding with Korea's Ministry of Science and ICT to advance AI safety. Samsung is seeking a foundry or contract chip manufacturing deal with Anthropic, while SK Hynix aims to strengthen its position as the world's top HBM supplier. Samsung SDS, the IT services arm of Samsung Group, is deploying Claude to employees across Samsung Electronics, with teams using Claude including Claude Cowork and Claude Code to advance knowledge work, agentic workflows, and software development at scale.
Anthropic's G-round was co-led by D.E. Shaw Ventures, Dragoneer, Founders Fund, ICONIQ, and MGX. Significant investors in this round include Accel, Addition, Alpha Wave Global, Altimeter, AMP PBC, Appaloosa LP, Baillie Gifford, Bessemer Venture Partners, affiliated funds of BlackRock, Blackstone, D1 Capital Partners, Fidelity Management & Research Company, General Catalyst, Greenoaks, Growth Equity at Goldman Sachs Alternatives, Insight Partners, Jane Street, JPMorgan Chase through its Security and Resiliency Initiative and Growth Equity Partners, Lightspeed Venture Partners, Menlo Ventures, Morgan Stanley Investment Management, NX1 Capital, Qatar Investment Authority, Sands Capital, Sequoia Capital, Temasek, TowerBrook, TPG, Whale Rock Capital, and XN. This round also includes a portion of previously announced investments from Microsoft and Nvidia.
Anthropic's H-round was co-led by Capital Group, Coatue, D1 Capital Partners, GIC, ICONIQ, and XN. Significant investors include AMP PBC, Baillie Gifford, Blackstone, Brookfield, D.E. Shaw Ventures, DST Global, Fidelity Management & Research Company, General Catalyst, Insight Partners, Jane Street, Lightspeed Venture Partners, MGX, NTTVC, NX1 Capital, Situational Awareness LP, T. Rowe Price Associates Inc., T. Rowe Price Investment Management Inc., and Temasek. The round also includes $15 billion of previously committed investments from hyperscalers, including $5 billion from Amazon plus strategic infrastructure partners Micron, Samsung, and SK Hynix.