US chipmaker Micron Technology has started a new round of lay-offs that is expected to shed hundreds of jobs in mainland China, as part of the company’s global retreat from the lacklustre mobile NAND memory market.
Micron – with offices in Shanghai, Shenzhen and Xian, capital of northwestern Shaanxi province – said “continued weakness in the mobile NAND market” prompted it to halt global development in that area, the company told Chinese media on Tuesday.
Mobile NAND refers to flash memory used…
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