Micron settles IP theft lawsuit with China: What the case is about and other details – Times of India

Micron settles IP theft lawsuit with China: What the case is about and other details - Times of India

A US-based chip giant Micron Technology Inc. has settled its high-profile intellectual property theft lawsuit with China. Fujian Jinhua The deal with the state-backed Chinese rival reportedly comes amid efforts by the US company to improve ties with Beijing, according to a report by integrated circuit company Bloomberg.
In a statement, Micron said it will acquire Fujian Jinhua Integrated Circuit Co. A global settlement agreement has been reached with “Both companies will globally dismiss their complaints against the other party and end all litigation between them,” a Micron spokeswoman said in an email. .
What is a case of IP theft?
In 2017, Micron sued Fujian Jinhua and its Taiwanese partner United Microelectronics Corp in the US. The company accused the two of stealing memory chip trade secrets. A year later, Fujian Jinhua and UMC were charged with conspiring to steal trade secrets from Micron as the Justice Department stepped up its crackdown on China over suspected economic espionage. The Trump administration added Fujian Jinhua to the so-called entity list, blocking sales of U.S. components to the Chinese chipmaker.
UMC has since settled with Micron and pleaded guilty in a deal with US prosecutors, who agreed to drop felony charges of economic espionage and conspiracy for the alleged IP theft.
China bans Micron.
The settlement comes months after the Chinese government banned Micron’s chips from “critical infrastructure” in May over cybersecurity concerns. The United States is also working with allies to prevent Beijing from acquiring the latest semiconductors and cutting-edge chipmaking technologies.
Earlier this year, Micron warned that half of its sales to China-headquartered customers could be affected after China banned the chipmaker from major infrastructure projects. In May 2023, China’s cyberspace regulator Cyberspace Administration of China (CAC) announced that the largest US maker of memory chips faced “serious network security risks”. In a statement, the CAC said, “The review found that Micron’s products pose serious network security risks, posing significant security risks to China’s critical information infrastructure supply chain, leading to National security is affected.”
How Micron Calmed China
Micron appears to have tried to placate Beijing, pledging to invest another 4.3 billion yuan ($602 million) in its Chinese chip packaging plant and giving Chief Executive Officer Sanjay Mehrotra the world’s second-largest economy. Includes sending to visit

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