While the U.S. memory chipmaker builds a new assembly plant in Xi’an, it is shifting its focus elsewhere.
Standing shoulder-to-shoulder with shovels in hand, executives from U.S. memory chipmaker Micron and Chinese officials last month kicked off construction of a new semiconductor plant in the north-central manufacturing hub of Xi’an.
The testing and packaging plant, which will create 500 jobs and is part of Micron’s $602-million investment plan in China, highlights the company’s “unwavering commitment” to the Chinese market, said Sanjay Mehrotra, Micron’s chief executive. “The b
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Chinese companies have decided that the best place to make money right now is outside of China. The phenomenon known as chu hai (出海), which translates to “go global,” has taken hold, marking a kind of second 'go out' initiative. This time, however, Chinese companies are being met with scrutiny and suspicion.
The former Commerce Secretary and ambassador to China talks about how his background shaped his approach to dealing with Beijing, the pivot to Asia and negotiating Chen Guangcheng's release.
A podcast about how the two nations, once friends, are now foes.
Hear why things are so complicated now. Host Jane Perlez, former New York Times Beijing bureau chief, talks with diplomats, spies, cultural superstars like Yo Yo Ma, and more to understand why the dangers are so high, and why relations went awry.