US chipmaker Micron to invest $600 million to expand in China

On June 16, the US reminiscence chip producer Micron introduced plans to invest $600 million (roughly RMB 4.3 billion) in its packaging and testing plant in the Chinese metropolis of Xi’an over the subsequent few years. The funding contains including new factories in Xi’an, and buying superior packaging gear from a Xi’an-based subsidiary of Taiwanese firm Powertech Technology, which Micron has been working in the manufacturing unit since 2016. The new factories are set to manufacture cellular DRAM, NAND, and SSD merchandise geared toward enhancing the plant’s packaging and testing capabilities. It is predicted to take a few yr for the acquisition course of due to the required regulatory approval in China. Additionally, the corporate mentioned the brand new funding will add round 500 jobs, bringing Micron’s whole workforce in China to greater than 4,500. [Jiemian, in Chinese]