According to a recent article in Bloomberg, Micron Technology Inc. plans to build a $100 million chip-assembling factory in China next year to tap rising demand in the country.

According to Micron Chief Executive, Steve Appleton, "There's no denying China is quickly changing. There are on average two groundbreakings in Suzhou a week…Micron wants to participate in that." There are no reports yet that a location has been selected for the new factory.

If Micron goes ahead with its plans, it will join two of its rivals in the computer-memory chip industry. Samsung Electronics Co. and Infineon Technologies AG, have both already built assembly factories in China. Micron does already have a chip-design center in Shanghai and a plant that makes chip modules using surface mount technology.