chips: One reason the US can’t quit China? Chips
In May, Micron Technologies, an Idaho chipmaker, received a serious blow as part of the U.S.-China technology war. The Chinese government banned companies that handle crucial information from buying Micron's chips, saying the company had failed a cybersecurity review.Micron said the change could destroy roughly an eighth of its global revenue. Yet in June, the chipmaker announced that it would increase its existing investments in China - adding $600 million to expand a chip packaging facility in the city of Xian. "This…