On June 16, the US memory chip manufacturer Micron announced plans to invest $600 million (approximately RMB 4.3 billion) in its packaging and testing plant in the Chinese city of Xi’an over the next few years. The investment includes adding new factories in Xi’an, and acquiring advanced packaging equipment from a Xi’an-based subsidiary of Taiwanese company Powertech Technology, which Micron has been operating in the factory since 2016. The new factories are set to manufacture mobile DRAM, NAND, and SSD products aimed at improving the plant’s packaging and testing capabilities. It is expected to take about a year for the acquisition process due to the required regulatory approval in China. Additionally, the company said the new investment will add around 500 jobs, bringing Micron’s total workforce in China to more than 4,500. [Jiemian, in Chinese]