Micron to Expand China Factory Despite Chip Ban

Micron Technology Inc. plans to invest 4.3 billion yuan ($602 million) over the next few years in its Chinese chip-packaging plant in Xi’an even after Beijing imposed curbs on the use of its semiconductors, the U.S. memory chipmaker said Friday.

China’s Cyberspace Administration found “relatively serious” cybersecurity risks in May in Micron’s products sold in the country and warned operators of key Chinese information infrastructure against buying the company’s goods.