In a possible sign the trade war between China and the United States is cooling off, the Chinese minister of commerce told the president of Micron Technology Inc that Beijing would be delighted to see the US semiconductor firm deepen its ties with the Chinese market.

In a meeting with Sanjay Mehrotra, President and CEO of Micron Technology, on November 1st, Commerce Minister Wang Wentao promised the government in Beijing would optimize the environment for foreign investors, and offer service guarantees for foreign enterprises, according to a statement published Friday on the website of the commerce ministry.

Wang said, “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.”

It was just months ago that the cyberspace regulator of China declared that Micron had failed a security review which led to a ban on the use by operators of key Chinese infrastructure of any products produced by the US memory chipmaker.

The move against Micron by Beijing was widely seen as retaliatory, in response to efforts by Washington DC to restrict China’s access to key technologies. The ban on Micron products was delivered just one day after the Group of Seven (G7) developed economies agreed on a strategy to “de-risk, not decouple” from China, and amidst a push by Washington to pressure allies to restrict China’s access to any sensitive semiconductor-related technologies that they controlled access to.

In addition to the meeting between Wang and Mehrotra, officials from both China and the United States have been attempting to organize a meeting between President Joe Biden and Chinese President Xi Jinping later this month while both are attending the Asia-Pacific Economic Cooperation summit in San Francisco.