U.S. chip giant Micron to invest $600 mil in China plant

China is showing the world how to properly respond to US sanctions by giving them the US its own medicine. A perfect example for Japan on how not to be just a yes man.

Biden also fails again in the chips ban against China.

It means nothing if Biden decides to ban all US companies in certain industries from doing business with China.

Micron's bribery would have to be transferred to India.

It's all about the money. When the gang of three turn Asia into their pie, semiconductors will be the blade of the knives...

Like Obama/Biden, Biden/Harris is similarly humiliated by the CCP but powerless to do anything, in case they upset their Wall st masters. Gotta earn their Hamptons abode when they're retired...

Even Taiwan's TSMC that everyone is talking about has invested billions of dollars in the semiconductor industry in China. It just makes sense and is profitable.

It's basically Micron circumventing Chinese sanctions. Good for them at proving they were meaningless.

Like Obama/Biden, Biden/Harris is similarly humiliated by the CCP but powerless to do anything, 

Chinese President Xi Jinping met with Bill Gates, co-chair of the Bill & Melinda Gates Foundation, in Beijing on Friday.The visit is Gates' first to China in four years.

China would rather deal with Tim Cook, Harald Krueger, Bill Gates, Jeff Bezos, Satya Nadella, Mark Zuckerberg, Patrick Gelsinger, Elon Musk, and so on all have met Xi in Beijing. Blink isn’t even received by Wang Yi but someone below his counterpart

US elected leader can only see 4 years down the road and being reelected. The US have no plans in place for 2050. Only 2 and 4 year increments. Global leaders like Xi and Gates, see long term decades down the roads, a shared future for mankind.

Micron destroyed the Japanese semiconductors industry, then it is now received subsidies from Japan to build a factory.

Micron demonstrates how corporations can ride above any government or even have any government to worship them.

Micron is greedy and stupid, unlike another of China's Old Friend Kissinger who is greedy and smart. Bill Gates? He may be trying to regain the limelight after his Jeff Epstein connection. Musk is playing his own fancy game of tyring to beat the biggest Ch eV maker on Ch turf. Wall Street, of course, is all suspect. Selling out the free world on a dime.

It's basically Micron circumventing Chinese sanctions. Good for them at proving they were meaningless.

Seriously, how you arrive at this^ astounds even me and I've been around a long time (hint my age is past retirement age even for France's new retirement age).

IF, big IF, Micron is allowed to import foreign chips into China (for use in the packaging). The packaging plant will have a CCP majority partner, who will source boards from CCP owned supplier, using CCP owned machineries.

Due to capital controls, Micron will get next to cost for its chips whilst the finished, ie packaged memory cards profit is shared with a CCP entity.

All costs paid for by Micron, all risks carried by Micron, but Micron gets less than half profits, sigh....

Ask your mentor Blinken, if India's deal with Micron is better for Micron.

Seriously, how you arrive at this^ astounds even me and I've been around a long time (hint my age is past retirement age even for France's new retirement age).

The US restrictions are on high end semiconductors. If Micron was violating that they would in some serious trouble right now. Instead they are violating China's petulant order for Chinese businesses not to use Micron lower end semiconductors.

Blink isn’t even received by Wang Yi but someone below his counterpart

Yes, the Chinese like to play games by having various armies of toadies in various inscrutable roles. I would say you haven't seen who Blinken will get to meet with yet.

US elected leader can only see 4 years down the road and being reelected. The US have no plans in place for 2050. Only 2 and 4 year increments. Global leaders like Xi and Gates, see long term decades down the roads, a shared future for mankind.

All those fantastic plans aren't going to mean very much if China ends its economy over a war with Taiwan.

Beijing is cutting out the middleman and talking to the bosses of the US directly.

And yes, by “the middleman”, I do mean the US govt. The US govt is an employee of the billionaire class. Jamie Dimon, Elon Musk, Tim Cook, and Bill Gates collectively have far more power and influence than Biden or Blinken or any American president since FDR.

China does not want to waste time with non-decision makers. The world’s best sales pitch is a waste of time if your audience is not the one making the buying decision.

Fortunately for China, being both the world’s largest market and largest manufacturer, the billionaires of the Western world come willingly to Beijing.

The sad reality is the US government answer to the billionaires and global elites and are not on the same level as the CCP who answers to no one.

Micron has made a mistake, but don't seem to realize how large a mistake it is. I can see they don't want the USGovt as a customer. Same goes for Crucial, since Micron owns them.

Micron could have placed the factory in Asia where labor is cheaper than China, but for some reason chose not to do that.

I don't think the USGovt is involved in determining where companies can make non-defense items. It just isn't in the current legal structure - nor should it be. Here's the leadership of Micron: https://www.micron.com/about/our-company/leadership - clearly after money above all else.

It’s a marketing decision. When China attacks Taiwan this investment becomes a write off for Micron. It’s a write off they need to offset their huge profits and to keep one of their biggest customers happy. Money talks and BS walks.

Probably regret it in a few years.

The US restrictions are on high end semiconductors. If Micron was violating that they would in some serious trouble right now. Instead they are violating China's petulant order for Chinese businesses not to use Micron lower end semiconductors.

..not even close. You have access to Micron announcements. Google it.

Micron is paying off the current JV with a Chinese partner. It will transfer employees to a new JV, writeoff all costs on its books, so it can say it's a Chinese operation and continue to supply its Chinese customers.

Whether it will produce high end gear (eg HBM3 memory) at the new factory is in doubt because of the ban. BUT, you can be sure its lobbists will be visiting the Whitehouse a lot more in the near future.

Whether it will produce high end gear (eg HBM3 memory) at the new factory is in doubt because of the ban. BUT, you can be sure its lobbists will be visiting the Whitehouse a lot more in the near future.

I think you just proved my point. Tax dollars continue to flow to the US and no high end chips go to China. This is what the US government asked for.

It means nothing if Biden decides to ban all US companies in certain industries from doing business with China.

Even better, Biden should force every one to only do business with U.S. That might help the U.S. economy a little.