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Taiwan's UMC nears settlement on leaking Micron secrets to China

Proposed deal shows US values ties with Taiwanese chip industry, analysts say

U.S.-based Micron Technology ranks as one of the world's leading makers of DRAM chips.   © Reuters

TAIPEI -- Taiwan's United Microelectronics Corp. will soon settle an intellectual property suit brought against it by the U.S. Department of Justice with a $60 million fine, the chipmaker said Thursday.

UMC has been charged with a conspiracy to steal technology from U.S. chipmaker Micron Technology used in dynamic random access memory, or DRAM, chips, for the benefit of a Chinese company.

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