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

The company logo is seen on the Micron Technology Inc. offices in Shanghai, China May 25, 2023. REUTERS/Aly Song/File Photo Acquire Licensing Rights BEIJING, Nov 3 (Reuters) – China’s commerce minister told Micron Technology Inc’s (MU.O) 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…