Micron Technology has signed an agreement with Anthropic that includes supply of memory and storage products and a strategic investment in the AI company's latest funding round. AI developers are racing to secure critical components for increasingly expensive data-centre buildouts, while memory makers look to capitalize on soaring demand for high-bandwidth memory and storage used in training and running advanced AI models.

"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. Anthropic has signed several major agreements in recent months to secure additional computing capacity, including deals with CoreWeave, Broadcom and SpaceX.

Micron, a major supplier of high-bandwidth memory, will work with Anthropic to analyze how memory and storage systems perform across AI workloads and interact with the broader infrastructure stack. The chipmaker 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 Claude Code, confidentially filed for a U.S. initial public offering on June 1, after raising US$65 billion in the Series H round that valued the company at $965 billion.