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

20201029 UMC and Micron

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

CHENG TING-FANG and LAULY LI, Nikkei staff writers

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.

Sponsored Content

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