The largest U.S. semiconductor maker, Micron is defying the industry leanings as it plans significant investments in both China and India, right in the middle of escalating trade tensions between the U.S. and China.
In China, Micron has announced plans to invest 4.3 billion yuan ($603 million) in its chip packaging facility located in the city of Xian. Despite the US memory chip maker facing scrutiny from China's cyberspace regulator, which claimed Micron failed a network security review, the company remains steadfast in its dedication to the Chinese market.
The investment will include the purchase of equipment from a subsidiary of Powertech Technology Inc, a Taiwanese company with aims to strengthen the packaging and testing capabilities in the Xian facility. It will also open a new production line at the site allowing for the manufacturing of mobile DRAM, NAND, and SSD products. In all, the investment will create an additional 500 jobs expanding Micron's workforce in China to over 4,500 employees.
Simultaneously, Micron is eyeing India as a potential location for its chip packaging factory. Reports suggest that the company is nearing a commitment of at least $1 billion, with the possibility of the investment amount reaching up to $2 billion.
Micron's dual investment plans demonstrate the company's proactive approach to adapting to geopolitical challenges as tensions persist between the U.S. and China. By expanding its footprint in China and exploring opportunities in India, Micron aims to enhance its global competitiveness and ensure its long-term success in an ever-evolving semiconductor landscape.