Taiwan chipmaker UMC will pay to settle with Micron after 5-year legal dispute

27-Nov-2021 Intellasia | TaiwanNews | 5:02 AM Print This Post

Taiwan-based contract chipmaker United Microelectronics Corp. (UMC) announced on Thursday (November 25) a worldwide settlement deal with US semiconductor company Micron.

According to their joint statement, the two parties agree to withdraw complaints against each other. This puts to an end a legal dispute over intellectual property since 2017.

The world’s third-largest contract chipmaker admitted criminal theft of secrets and was fined $60 million for conspiring with a Chinese state-run company, Fujian Jinhuan Integrated Circuit Co., to steal trade secrets from Micron.

UMC will make a one-time payment of an undisclosed amount to Micron as a settlement, and the two “look forward to engaging in mutual business cooperation opportunities,” the statement read.

UMC has 12 fabs with a combined capacity close to 800,000 eight-inch equivalent wafers each month. The company said the next day the payment will have no major financial and business impact.

https://www.taiwannews.com.tw/en/news/4357040

 

Category: Taiwan

Print This Post

Comments are closed.