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Trade war

Exclusive: Taiwan's UMC to scale down chip project with Chinese partner

Sources say Fujian Jinhua project to be dismantled after US charges

TAIPEI -- Taiwan's United Microelectronics Corp. will move nearly half of its DRAM team to new positions within the company in what sources say is the first step toward terminating its memory chip development business.

The world's third-largest contract chipmaker is making the move just over a month after it was charged with economic espionage by the U.S. along with its Chinese government-backed semiconductor partner Fujian Jinhua Integrated Circuit.

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