Micron to invest $603 million in factory in China's Xian over next few years

BEIJING (Reuters) – Micron said on Friday it will invest 4.3 billion yuan ($602.77 million) in a Chinese factory in the city of Xian over the next few years.

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FILE PHOTO: The company logo is seen on the Micron Technology Inc. offices in Shanghai

In a statement, the company said it has decided to aquire equipment belonging to Chinese chip company Powertech Technology based in Xian city.

($1 = 7.1337 Chinese yuan renminbi)

(Reporiting by Beijing newsroom; Editing by Muralikumar Anantharaman)