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BREAKING
Pakistani army: 6 soldiers and 7 militants killed in clash near the Afghan border
Israeli media: Sirens sound in the settlement of Kerem Shalom in the Gaza envelope area
Afghan source to Al Mayadeen: We still believe in dialogue and prioritize diplomatic solutions with Pakistan; though we are ready for all possibilities.
Afghan source to Al Mayadeen: Pakistan purposely obstructed negotiations in Turkey by making unrealistic demands.
Al Mayadeen's correspondent: More than 70 martyrs in Israeli attacks on Gaza since dawn.
Death toll from latest Israeli strikes on Gaza rises to 30
Al Mayadeen's correspondent: Five killed in the Israeli bombing of a civilian vehicle on Al-Qassam Street in Khan Younis, south of the Gaza Strip
Hamas confirms that it has no connection to the shooting incident in Rafah and affirms its commitment to the ceasefire agreement
Al Mayadeen's correspondent: Two civilians were killed and four others, including a child and an infant, were injured in an Israeli bombing of a house belonging to the Al-Banna family in the al-Sabra neighborhood, south of Gaza City
Al Mayadeen's correspondent: An Israeli airstrike targets the vicinity of Al-Shifa Medical Complex, west of Gaza City

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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US greed, policy missteps propelled China’s tech dominance: AP exposé

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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.

  • United States
  • US
  • China
  • Micron

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