TAIPEI (Taiwan News) — Taiwan-based contract chipmaker United Microelectronics Corp. (UMC) announced on Thursday (November 25) a worldwide settlement deal with U.S. 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 US$60 million for conspiring with a Chinese state-run company, Fujian Jinhuan Integrated Circuit Co. (福建晉華), 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.