Micron Provides Statement on Fujian Province Patent Litigation

Micron Provides Statement on Fujian Province Patent Litigation

Semiconductor stocks tumbled on Tuesday, pressured after Micron Technology was temporarily blocked from selling some of its memory chips in China. "Micron has not been served with the preliminary injunction referred to in the statements issued by United Microelectronics Corporation and Fujian Jinhua Integrated Circuit Co. dated July 3", it said in a statement. Its headquarters are located in Boise, Idaho.

UMC also requested the court to order potential defendants to stop manufacturing, processing, importing, and selling the allegedly infringing products. About UMC UMC (NYSE: UMC, TWSE: 2303) is a leading global semiconductor foundry that provides advanced IC production for applications spanning every major sector of the electronics industry.

The Court has not yet indicated when a final ruling on the case can be expected, nor for how long the injunction on sales is valid.

Shares of Micron, which generated half of its $20.3 billion fiscal 2017 revenue from China, closed down 5.5 percent on Tuesday at $51.48.

"In DRAMs, Korean companies have a wide technological gap with its Chinese competitors".

In its civil complaint in December, Micron accused UMC of attempting to recruit high level personnel in Taiwan and entice former staff at Micron Taiwan to steal files which could help Jinhua, at the time little-known, to jumpstart China's campaign of developing its own technology for chips.

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Micron Technology is rebounding after saying its temporary ban in China will have a limited impact on revenue.

China is the largest market for semiconductors, yet isn't home to even one of the top 10 producers of the crucial electronic components.

Analysts believe the ban is largely symbolic as hurting the US 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. Moreover, Micron has submitted compelling evidence to the Patent Review Board of China's State Intellectual Property Office demonstrating that the patents are invalid because they are directed to technologies that were previously developed and patented in other countries by other technology companies.

China's Huawei Technologies and ZTE are fighting USA government action that threatens to cut them off from United States suppliers and potential customers.

"The central government of China has often stated that the rights of foreign companies are fairly and equally protected in China", the company said, adding that it believed the ruling to be "inconsistent with this proclaimed policy".

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