Micron, UMC Reach Settlement in IP Theft Case

- Advertisement -


By P.R. Venkat
- Advertisement -

American memory-chip maker Micron Technology Inc. and Taiwan’s United Microelectronics Corp. have reached a global settlement relating to Micron’s allegations of intellectual property theft.

- Advertisement -

A joint statement from the two companies said UMC would make a one-time payment of an undisclosed amount to Micron.

In November 2018, the US Justice Department dropped charges against a Chinese state-owned firm and UMC for allegedly stealing trade secrets from a US chip maker.

- Advertisement -

The Justice Department also filed a civil action to block UMC and Chinese state-owned Fujian Jinhua Integrated Circuit Company from exporting stolen technology allegedly to compete with US chip firms.

“The companies will withdraw their complaints against the other party globally… UMC and Micron look forward to engaging in opportunities for mutual business cooperation,” the joint statement said.

Micron, which holds more than 47,000 lifetime patents, plans to significantly increase its investments to meet growing global demand for chips. The company said in October that it plans to increase the investment to more than $150 billion in the coming decade.

UMC is a leading global semiconductor foundry company focusing on manufacturing logic and specialty products for all major segments of the electronics industry. UMC has 12 fabs with a combined capacity of close to 800,000 wafers per month.

Write to PR Venkat at [email protected]

,

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox