(Photo/website of Chinese Ministry of Commerce)
China’s Minister of Commerce Wang Wentao met with Sanjay Mehrotra, president and CEO of the US chip giant Micron Technology on Wednesday, the Ministry of Commerce (MOFCOM) said on Friday via its official Wechat account.
Wang noted that China has been unswervingly promoting high-level opening-up, continuously optimized the business environment for foreign investment, and provided services and guarantees for foreign-funded enterprises.
Micron Technology is welcome to continue to take root and deeply cultivate the Chinese market and realize better development under the premise of complying with Chinese laws and regulations, Wang noted.
Mehrotra expressed his willingness to expand investment in China.
The meeting came after the company announced to attend the 6th China International Import Expo from November 5 to 10 in Shanghai. This would be the first time the US chipmaker attends the event, and the firm is actively making relevant preparations, according to media reports.
In June this year, the company announced that it would invest over 4.3 billion yuan ($603 million) in its packaging and testing plant in Xi'an, Northwest China's Shaanxi Province, in the next few years, which the company said "showcased its unswerving commitment" to the Chinese market.