Micron to shut DRAM chip design operations in Shanghai - SCMP - Reuters

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Micron Technology's solid-state drive for data center customers is presented at a product launch event in San Francisco, U.S., October 24, 2019. REUTERS/Stephen Nellis REFILE - CORRECTING TYPE OF THE DRIVE

Jan 26 (Reuters) - Memory chip maker Micron Technology (MU.O) will shut its DRAM chip designing operations in Shanghai by the end of this year, the South China Morning Post reported on Wednesday.

Micron, which did not immediately respond to a Reuters request for comment, will ask some of the 150 Chinese engineers on the site to relocate to the United States or India, the SCMP reported, citing industry sources.

Semiconductors have been at the heart of U.S.-China tensions and the United States has been looking to shift the balance back in favour of the West and away from Asia, driven by intellectual property and supply chain concerns.

Micron makes NAND memory chips that serve the data storage market as well as DRAM chips that are widely used in data centers, personal computers and other devices.

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Reporting by Chavi Mehta in Bengaluru; Editing by Vinay Dwivedi

Our Standards: The Thomson Reuters Trust Principles.

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