The companies will continue their complaints against the other party in various courts, and UMC will pay Micron a one-time payment in an undisclosed amount. “UMC and Micron expect to cooperate on business opportunities.” Said in a statement on behalf of Micron
Taiwanese chipmaker UMC (GLOBE NEWSWIRE) (TWSE: 2303; NYSE: UMC) and Micron Inc. (NASDAQ: MU) announced the signing of a compromise agreement between the two companies around the world. The companies will continue their complaints against the other party in various courts, and UMC will pay Micron a one-time payment in an undisclosed amount. “UMC and Micron expect to cooperate on business opportunities.” Said in a statement on behalf of Micron.
Micron is one of the largest semiconductor companies in the world with more than 40 years of experience. It holds more than 47,000 patents and makes a significant investment in leading production and processes. IP protection is fundamental to Micron’s ability to remain competitive as the company continues to drive innovation that is essential to the data economy. ” Sabushkab shrieked.
UMC stated: “UMC is a chip manufacturer focusing on the production of logic products and special products for all major sectors of the electronics industry. UMC has 12 brands with a combined capacity of close to 800,000 slices per month (equivalent to 8 inches). UMC is constantly improving and refining its policies and procedures for protecting trade secrets while providing high quality products and services to its customers. ”