US chip maker Micron Technology, targeted by Beijing with a partial sales ban in May, is trying to rekindle its relationship with China by increasing investments in the world’s No 2 economy.
Micron says it will invest more than RMB 4.3 billion (USD 600 million) in a packaging and testing plant in Xi an, China, including the acquisition of Licheng s Xi an assets.
The investment will include buying packaging equipment from a Xian-based subsidiary of Taiwan s Powertech Technology Inc, which Micron has been using in the factory since 2016, the company said.