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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 under the premise
of complying with Chinese laws and regulations," Wang added.
The detente comes just months after China's cyberspace regulator
said Micron had failed a network security review and barred
Chinese operators of key infrastructure from buying from the
largest U.S. memory chipmaker.
China's move against Micron was widely seen as retaliation for
Washington's efforts to restrict Beijing's access to key
technology. It came just a day after the Group of Seven (G7)
rich nations agreed they would look to "de-risk, not decouple"
from China, and as Washington pressured its allies to join it in
restricting chip equipment exports to China.
The Wednesday meeting between Wang and Mehrotra is line with a
recent thawing in tensions between Washington and Beijing, as
officials from both countries work to organise a meeting between
U.S. President Joe Biden and his Chinese counterpart Xi Jinping
later this month at the Asia-Pacific Economic Cooperation summit
in San Francisco.
(Reporting by Beijing newsroom; Editing by Sonali Paul and
Lincoln Feast)
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