Micron Bounces Back From Chinese Lawsuit

Micron Bounces Back From Chinese Lawsuit

Micron Bounces Back From Chinese Lawsuit

The Chinese ban on Micron targeted its products sold through retail outlets and represented only a small portion of the chipmaker's revenue. Micron filed a lawsuit in December alleging UMC stole Micron's intellectual property and gave it to a Chinese firm, Fujian Jinhua Integrated Circuit.

As evidence, Micron cited the use of Micron DRAM technology code names at a UMC and Jinhua recruitment fair for RAM chip experts in Silicon Valley in October 2016 and its discovery that its employees poached by UMC had copied confidential information before leaving the company.

The latest ruling means Micron's products face further injunction for violating UMC's patent rights in a court verdict that applies to all of mainland China.

Analysts believe the ban is largely symbolic as hurting the USA chipmaker would end up creating more pain for local Chinese firms who would have to rely on Korean firms Samsung Electronics and SK Hynix, pushing up memory chip prices.

"UMC is pleased with today's decision", Jason Wang, the company's co-president, said in a statement.

The civil lawsuit filed by Micron against UMC and Jinhua in California is consistent with Micron's commitment to aggressively protect and enforce its trade secrets and intellectual property worldwide. This time, though, it's in court for a different reason: It has accused United States rival Micron of infringing its patents on memory technology, and has been granted an early win in the form of a temporary injunction against the company. Micron's shares dropped on Tuesday as a result but they have bounced back in Thursday's session after it came to light that this would have a minimal effect on its fourth-quarter revenues.

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Only this week, the company said it was planning to list its HeJian Technology Corp., its China operations, on the Shanghai Stock Exchange.

"I think that China is using this case as a payback against the US", said Ho in an interview with the Taiwan branch of New York-based broadcaster New Tang Dynasty Television. In 2017, Micron generated about half of its $20.3 billion fiscal revenue from China. Taiwanese rival United Microelectronic Corporation (UMC) released a statement yesterday revealing the news, which saw shares in the American firm fall by as much as 8 percent.

It also resells flash memory products purchased from other suppliers. "This is an opportunity for SK Hynix and Samsung, because the banned products are not what the Chinese can make on their own".

Others believe the ban will be short-lived.

Analysts said the ruling would bolster Micron's well-established rivals.

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