According to the US manufacturer, the investment will create 500 additional jobs.
(Photo: Reuters)
Beijing The US memory chip manufacturer Micron intends to continue its involvement in China and invest around 600 million US dollars there over the next few years. “This investment project demonstrates Micron’s unwavering commitment to its China business and team,” Micron CEO Sanjay Mehrotra said in a statement posted to WeChat on Friday.
Micron plans to set up a new production line for the manufacture of mobile DRAM, NAND and SSD products at the site in the Chinese city of Xian. The investment also includes the purchase of packaging equipment from a Xian-based subsidiary of Taiwanese company Powertech Technology Inc, which Micron has been using at the factory since 2016.
According to the US manufacturer, the investment will create 500 additional jobs. As recently as May, a Chinese supervisory authority warned against the use of Micron components due to alleged safety risks. The products posed massive security risks for the supply chain of the People’s Republic’s critical information infrastructure. The White House criticized that the allegation was not based on facts.
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First publication: 06/16/2023, 08:08 am.
