Micron Technology said on October 10 that it plans to invest as much as US$100 million in start-up companies engaged in artificial intelligence (AI) technology, focusing on emerging areas such as autonomous vehicles and factory automation.

Micron’s chief business officer Sumit Sadana told Reuters that the company launched a corporate venture capital plan more than ten years ago, but so far, its investment has been “very fragmented” and “very close to ours. Core business".

The return on the existing venture capital business has been stable. But the company believes that by expanding its involvement in the field of artificial intelligence, Micron can eventually sell more memory chips, because a large amount of data processed in the field of artificial intelligence needs to be stored on Micron's products.

Sadana announced the move at the first artificial intelligence conference in San Francisco. Before that, Micron rarely disclosed the company's investment trends publicly.