Micron To Stay Invested In China With Additional CNY 4.3 Billion

Micron, a US memory chipmaker, declared on Friday (Jun 16) that it is committed to China and will invest 4.3 billion yuan (US$603 million) in its chip packaging factory in the Chinese city of Xian over the next few years.

The corporation has been targeted by China's cyberspace regulator, which declared last month that the firm, the world's largest memory chipmaker, had failed a network security inspection and that the government would restrict significant infrastructure operators from purchasing from the company.

In a statement issued on WeChat on Friday, Micron made no mention of the review's decision.

"This investment demonstrates Micron's unwavering commitment to its China business and team," stated CEO Sanjay Mehrotra.

According to the business, the investment will entail purchasing packaging equipment from a Xian-based subsidiary of Taiwan's Powertech Technology Inc, which Micron has been utilising in the production since 2016.

It will also establish a new production line at the facility to produce mobile DRAM, NAND, and SSD products in order to improve the plant's packaging and testing capabilities.