Chipmaker Micron says committed to China
US 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 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. Micron made no mention of the review's decision in its Friday statement, posted on WeChat. "This investment projects demonstrates Micron's unwavering commitment to its China business and team," it quoted CEO Sanjay Mehrotra as saying. (Reuters)