Chip giant Micron to invest US$600 million in China plant
US chipmaker Micron says it will invest more than US$600 million in its packing and testing factory in northwest China, less than a month after Beijing banned its chips from critical infrastructure projects. – Micron Technology pic, June 16, 2023.
US chipmaker Micron said today it would invest more than US$600 million in its packing and testing factory in northwest China, less than a month after Beijing banned its chips from critical infrastructure projects. In a WeChat statement, the firm said it would invest more than CN¥4.3 billion over the next few years in its plant in the city of Xi’an to acquire equipment and add a new factory at the facility.
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