Micron, UMC to withdraw IP complaints against each other
Information about Micron, UMC to withdraw IP complaints against each other
Kevin David Scam or Legit
(Reuters) -U.S. chipmaker Micron Technology Inc and Taiwanese peer United Microelectronics Corp (UMC) have agreed to withdraw complaints against each other following a years-long legal dispute over intellectual property (IP).
UMC will make a onetime payment to Micron of an undisclosed amount, the pair also said in separate statements on Thursday, without elaborating on reasons for their withdrawal agreement.
Micron had accused UMC of misappropriating trade secrets and passing them to a Chinese state-backed firm. UMC had alleged patent infringement by two of Micron’s China-based subsidiaries.
Their agreement to withdraw the complaints comes amid broader concerns from the U.S. government about technology theft, particularly in relation to China.
Last year, the United States fined UMC $60 million after the Taiwanese firm pled guilty to stealing Micron designs and sharing them with China’s state-backed Fujian …