BEIJING :U.S. memory chipmaker Micron said on Friday it was committed to China and would invest 4.3 billion yuan ($603 million) over the next few years in its chip packaging facility in the Chinese city of Xian. The company has been targeted by China's cyberspace regulator, which last month said the firm, th
BEIJING :U.S. memory chipmaker Micron said on Friday it was committed to China and would invest 4.3 billion yuan over the next few years in its chip packaging facility in the Chinese city of Xian.
The company has been targeted by China's cyberspace regulator, which last month said the firm, the United States' biggest memory chipmaker, had failed a network security review and that the regulator would block operators of key infrastructure from buying from the company."This investment projects demonstrates Micron's unwavering commitment to its China business and team," it quoted CEO Sanjay Mehrotra as saying.
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. It will also open a new production line at the site to manufacture mobile DRAM, NAND and SSD products to strengthen the plant's packaging and testing capabilities.Micron did not disclose the value of the deal but said it would offer contracts to 1,200 employees of Powertech's Xian subsidiary and that the investment would create an additional 500 jobs.Source: Reuters
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Micron to invest $603 million in factory in China's Xian over next few yearsBEIJING : Micron said on Friday it will invest 4.3 billion yuan ($602.77 million) in a Chinese factory in the city of Xian over the next few years.In a statement, the company said it has decided to aquire equipment belonging to Chinese chip company Powertech Technology based in Xian city.($1=7.1
Read more »
China's Xpeng expands self-driving capability to Beijing, eyes wider expansionHONG KONG : Chinese electric vehicle maker Xpeng Inc on Thursday expanded its self-driving capability to Beijing as part of the automaker's expanded launch of City NGP (Navigation Guided Pilot) across the mainland. City NGP is now available in Guangzhou, Shenzhen, Shanghai and Beijing, with plans to expan
Read more »
Chinese superfan rejoices as Messi visits BeijingBEIJING : For thirtysomething Zhang Jiao, after realising her dream of witnessing Argentina soccer great Lionel Messi lift the World Cup every match he plays from now on is 'precious'.Zhang travelled from Shanghai to Beijing this week to join scores of other giddy Messi fans as the Argentina captain came
Read more »
Beijing to cover IVF, other fertility treatments for couples from JulyAn unmarried 35-year-old woman earlier sued a public hospital for refusing to freeze her eggs. Read more at straitstimes.com.
Read more »
Messi mania reaches fever pitch ahead of Beijing friendlyBEIJING Messi-mania gripped Beijing ahead of a sell-out friendly on Thursday evening between world champions Argentina and Australia in the Chinese capital. All eyes were on Lionel Messi, arguably the greatest footballer of all time and who lifted the World Cup for...
Read more »
Chinese superfan rejoices as Messi visits BeijingBEIJING - For 30-something Zhang Jiao, after realising her dream of witnessing Argentina soccer great Lionel Messi lift the World Cup every match he plays from now on is 'precious'. Zhang travelled from Shanghai to Beijing this week to join scores of other giddy Messi fans as the Argentina captain came to town to play a friendly against Australia. 'For...
Read more »