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Why Micron Invest in China Xi'an despite being ban De woh?
- Thread starter k1976
- Start date
U.S. chipmaker Micron said Friday it would invest more than $600 million in a packing and testing factory in northern China, less than a month after Beijing banned its chips from critical infrastructure projects.
In a WeChat statement, the firm said it would invest more than 4.3 billion yuan ($605 million) over the next few years in its plant in the city of Xi’an to acquire equipment and add a new factory at the facility.
In a WeChat statement, the firm said it would invest more than 4.3 billion yuan ($605 million) over the next few years in its plant in the city of Xi’an to acquire equipment and add a new factory at the facility.
This investment project underscores Micron’s unwavering commitment to our China business and our China team members,” CEO Sanjay Mehrotra said in a statement.
Micron said it would buy chip-packaging equipment from the Xi’an-based Licheng Semiconductor, which had already been operating some equipment in the U.S. company’s facility under a previous agreement.
“The investment is in line with Micron’s global packaging and testing concept and would give the company the flexibility to manufacture a wide portfolio of products in Xi’an,” the firm said in its WeChat statement.
Micron said it would buy chip-packaging equipment from the Xi’an-based Licheng Semiconductor, which had already been operating some equipment in the U.S. company’s facility under a previous agreement.
“The investment is in line with Micron’s global packaging and testing concept and would give the company the flexibility to manufacture a wide portfolio of products in Xi’an,” the firm said in its WeChat statement.
Micron will also build a new facility with production lines for mobile DRAM, NAND and SSD chips, it added.
About 10% of Micron’s $30.8 billion annual revenue last year came from China, according to company data.
But a large portion of Micron products sold in the country were bought by foreign manufacturers, analysts noted, and it was not clear if last month’s decision by China’s cybersecurity watchdog affected sales to foreign buyers.
Washington has said it has “very serious concerns” about China’s restrictions on Micron.
About 10% of Micron’s $30.8 billion annual revenue last year came from China, according to company data.
But a large portion of Micron products sold in the country were bought by foreign manufacturers, analysts noted, and it was not clear if last month’s decision by China’s cybersecurity watchdog affected sales to foreign buyers.
Washington has said it has “very serious concerns” about China’s restrictions on Micron.
Hoseiliao those Xian engineers and factory girls no need to come sinkapore liao.
Keep the ah tiong in china.
We do not need them. We are a wealth and financially hub. We are not a technology hub.
At least still got investment coming, right
We will see very interesting development soon bro
Trillion of dollar is just a number...
TBH, u benefited from rich Atas Uktra High net Worth individuals coming to SG?
I think we all do... We get to get $8 prawn noodle and enjoy $200/1/1 gheyland cheekon rice
Knn
600million is just a small. Small small drop in the mkt place
FYI , micron has invested 4billion into Singapore since 2015
https://www.businesstimes.com.sg/st...ct-us4b-expansion-woodlands-fabrication-plant
What is $600million in China ???
600million is just a small. Small small drop in the mkt place
FYI , micron has invested 4billion into Singapore since 2015
https://www.businesstimes.com.sg/st...ct-us4b-expansion-woodlands-fabrication-plant
What is $600million in China ???
Can buy 600 syncho testers with handlers...
The political impact will be much bigger than the raw number 600m.
That's the very short sighted and naive part of Singapore govt. They have thought that these ultra high net worth personnel will invest in business and bring the economy life into the red dot.
The ultra rich tiong just wanted to invest in condominiums and assets. They just want to hire their own people to run their family office.
It bring nothing to the table. What they have brought is ultra high inflation. The common people are not spending at all.
You don't expect any favors from the commie.
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