Micron plans to invest more than $600mn in its factory in the Chinese city of Xi’an, in a demonstration of its commitment to China just weeks after the US memory-chip maker was barred from supplying the country’s critical infrastructure operators.
Last month, Beijing banned key operators from purchasing from the Idaho-based company after an investigation found its products “posed serious network security risks”.
The company made no mention of Beijing’s action in its announcement posted on the WeChat social media app on Friday. Micron said it would invest Rmb4.3bn ($603mn) over the next few years in upgrading its chip packaging and testing equipment at the Xi’an factory.
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