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Al Mayadeen's correspondent: Two were martyred in an initial toll of the Israeli drone strike that targeted the al-Asira neighborhood in the city of Baalbek, eastern Lebanon
Al Mayadeen's correspondent: An Israeli drone strike targeted the al-Asira neighborhood east of Baalbek, eastern Lebanon
Sheikh Naim Qassem to the pager attack survivors: You are the greatest resistance. Know that 'Israel' will fall because it embodies aggression, crime, and occupation; victory is truly yours
Sheikh Qassem to the pager attack survivors: The value of what you are doing despite your wounds is immense, and here you are, treading the path of the Master of Nation's Martyrs and the leaders
Sheikh Qassem to the pager attack survivors: You are moving forward with insight deeper than sight itself. The enemy sought to eliminate your role in the battle, yet you remain steadfast and continue the fight
Hezbollah Secretary-General Sheikh Naim Qassem to the pager attack survivors one year later: You are healing from your wounds and rising above them. You have successfully passed the test
Palestinian media: Reports of stabbing operation in occupied al-Quds.
Israeli media: Sirens blare in Arava in South, near Ramon Airport.
Egyptian PM Mostafa Madbouli: Egypt is targeted in plans to redraw regional map
AEOI Chief Mohammad Eslami: Our presence in IAEA General Council and fact-checking helped in preventing unilateral rhetoric that aims to portray Iran as an unregulated country

US giant Micron chooses profit, announces 'commitment to China': FT

  • By Al Mayadeen English
  • Source: Financial Times
  • 16 Jun 2023 10:31
2 Min Read

The decision comes after China barred critical infrastructure operators from using Mircon's memory chips due to national security concerns.

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  • Micron logo on company's headquarters (AFP)
    Micron logo on company's headquarters (AFP)

American memory-chip giant Micron plans to increase investment in its China-based factory by over half a billion dollars, a decision that came shortly after China banned critical infrastructure operators from buying the firm's products in response to Washington's tech war against Beijing.

China's decision then aimed to ensure "the cybersecurity of products and threats to the security of the country's key information infrastructure," Chinese Foreign Ministry Spokesperson Mao Ning said then.

"This is a necessary measure to ensure national security."

Read more: US pressure mounts on Amsterdam: New anti-China chip restrictions

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Micron said on its account on WeChat social media app that it intends to invest 4.3 billion yuan ($603 million) over the next few years to expand and upgrade its factory located in the Chinese city of Xi’an.

“This investment demonstrates Micron’s unwavering commitment to its China business and team,” said the group’s chief executive Sanjay Mehrotra.

The US-based firm announced this step after Chinese electronic consumers started to look for alternatives to Micron's memory chips, two people informed on the matter said, according to the Financial Times.

Micron will also purchase packaging equipment from a Xi’an-based subsidiary of Taiwan’s Powertech Technology, in addition to introducing a new production line.

The company has been “preparing for the project for some time," said Micron in a statement.

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  • US
  • China
  • Micron

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