China warms to U.S. chipmaker Micron as tensions with Washington ease

News Snapshot:

China’s commerce minister told Micron Technology Inc’s MU-Q president Beijing would welcome the U.S. semiconductor company deepening its footprint in the Chinese market, signally a further thaw in relations between the world’s top two economies. In a meeting on Nov. 1, Commerce Minister Wang Wentao told Sanjay Mehrotra, President and CEO of Micron Technology, that China will optimize the environment for foreign investment and provide service guarantees for foreign enterprises, according to a brief statement published on Friday on the commerce ministry’s website. “We welcome Micron Technology to continue to take root in the Chinese market and achieve better development...