China bans Micron chips due to UMC patent ruling

Posted on Wednesday, Jul 04 2018 @ 19:44 CEST by Thomas De Maesschalck
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Bloomberg writes a Chinese court temporarily banned Micron chip sales in the country due to a patent ruling in favor of UMC. The latter sued Micron in January, claiming the US-based memory maker infringed on patents related to memory storage and other products. Micron on the other hand accuses UMC of stealing its trade secrets for a Chinese firm.
In a patent ruling in favor of UMC, the Fuzhou Intermediate People’s Court of the People’s Republic of China issued a preliminary injunction stopping Micron from selling 26 products, including dynamic random access memory and Nand flash memory-related products, UMC said in a statement Tuesday. Micron said it hasn’t been served with the injunction and won’t comment until it does. Shares in the Boise, Idaho-based company dropped as much as 8 percent.

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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