ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Trade war

Taiwan's UMC to pay $60m fine to settle US trade secrets case

Chipmaker also agrees to cooperate in probe of former Chinese chip partner

UMC will pay a $60 million fine over charges that it stole trade secrets from Micron of the U.S. (Source photos by Reuters)

TAIPEI -- Taiwan's second-largest contract chipmaker United Microelectronics Corp. has agreed to pay a $60 million fine to settle an industrial espionage lawsuit with the U.S. Department of Justice, bringing to an end a two-year legal dispute that also involved American memory chip giant Micron Technology and a Beijing-backed Chinese chip manufacturer.

The Justice Department said UMC, the world's No. 4 largest contract chipmaker, pleaded guilty to criminal trade secrets theft. In addition to the fine, UMC has also agreed to cooperate with the American government "in the investigation and prosecution of its co-defendant, a Chinese state-owned-enterprise," the department said in a statement.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more