US Chipmaker Micron Rebuilds Ties with China Amid Eased Sino-US Tensions

Micron CEO Sanjay Mehrotra ramps up investments and displays willingness to further expand in China despite earlier moratorium on their sales citing security concerns.

• Micron Technology is looking to rebuild its business relationship with China, despite being the first American semiconductor company that Beijing targeted with a partial sales ban.
• Sanjay Mehrotra, Micron's CEO, has met with China’s Commerce Minister Wang Wentao and expressed the company’s willingness to expand investments in China, following Beijing’s laws and regulations.
• The move coincides with the efforts from Beijing and Washington to ease tensions, in anticipation of a planned meeting between Chinese President Xi Jinping and US President Joe Biden later this month.
• China promised to improve its investment environment, encouraging Micron to deepen its roots in the country, indicating a positive shift in tone after Micron products failed a security review six months prior.
• Micron's business in China, which includes around 3,000 employees in cities like Beijing, Shanghai, Shenzhen, and Xi’an, is an integral part of the company's global operations.

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