US giant Micron chooses profit, announces 'commitment to China': FT
The decision comes after China barred critical infrastructure operators from using Mircon's memory chips due to national security concerns.
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The decision comes after China barred critical infrastructure operators from using Mircon's memory chips due to national security concerns.
BEIJING (Reuters) - Micron said on Friday it will invest 4.3 billion yuan ($602.77 million) in a Chinese factory in the city of Xian over the next few years. In a statement, the company said it has decided to aquire equipment belonging to Chinese chip company Powertech Technology based in Xian city. ($1 = 7.1337 Chinese yuan renminbi) (Reporiting by Beijing newsroom; Editing by Muralikumar
U.S. memory chipmaker Micron said on Friday it was committed to China and would invest 4.3 billion yuan ($603 million) over the next few years in its chip packaging facility in the Chinese city of Xian.
Micron Technology pledged a heavy investment in its Chinese chip plant, apparently a response to a recent ban on selling its products there.
SHANGHAI: US memory chipmaker Micron said on Friday (Jun 16) it was committed to China and would invest 4.3 billion yuan (US$603 million) over the next few years in its chip packaging facility in the Chinese city of Xian. The company has been targeted by China's cyberspace regulator, which last month said