Micron Technology’s CEO, Sanjay Mehrotra, paid a visit to China’s Ministry of Commerce on July 19, as reported by China’s “Daily Economic News.”
Micron Technology has been in the spotlight recently, particularly after the Chinese Cyberspace Administration announced a cybersecurity review of the company’s products sold in China in May. The review revealed that some of the products did not pass the scrutiny, leading certain entities in mainland China to suspend the procurement of Micron products in accordance with local regulations.
In June, Micron made a significant announcement to invest over 4.3 billion yuan in its packaging and testing facility in Xi’an, China, over the next few years. According to Micron Technology’s official website, Sanjay Mehrotra emphasized that this investment project showcases Micron’s unwavering commitment to its business in China and its dedicated team members in the country.
Throughout this year, numerous top executives from multinational corporations have been visiting China to conduct on-site inspections of the investment environment and explore new opportunities for development in the country. Zhu Bing, the Director-General of the Foreign Investment Administration of the Ministry of Commerce, remarked that this trend reflects the strong desire of foreign investors to invest in China, indicating a positive outlook for the Chinese market. He also mentioned that there are more plans for top executives from other multinational companies to visit China in the second half of the year.