US storage manufacturer Micron Technology and Chinese storage company Fujian Jinhua’s six-year lawsuit has ended in a settlement.
On December 24th, a spokesperson for Micron Technology stated that a global settlement agreement had been reached with Fujian Jinhua Integrated Circuit Co., Ltd. Both companies will withdraw their respective lawsuits against each other worldwide, concluding all litigation between the two parties.
It is understood that with the help of an unidentified client, JHICC has gradually regained momentum.
In December 2017, Micron sued United Microelectronics Corporation and Fujian Jinhua in the United States, alleging that UMC obtained its intellectual property through Micron’s Taiwan-based employees, including crucial technology for storage chips, and transferred it to Fujian Jinhua, thereby violating Micron’s trade secrets.
In November 2018, the US Department of Justice placed Fujian Jinhua on an export control list, citing national security concerns, believing Jinhua held a significant portion of DRAM production capacity.
Jinhua’s argument at that time was that the products were not sold in the United States, and even if there were suspicions of infringement, the US lacked jurisdiction.
On November 26, 2021, United Microelectronics Corporation stated that the company had reached a global settlement agreement with Micron, with both parties withdrawing their lawsuits against each other. UMC also made a one-time confidential settlement payment to Micron, and both parties will collaborate in creating future opportunities.
Micron needs shipments in the NANA FLASH sector, but due to the pandemic’s impact and severe global wafer capacity shortages, Micron struggles to secure more opportunities at TSMC and had to seek assistance from UMC, which led to the resolution between the two parties.
Two years later, Micron announced a settlement with Fujian Jinhua. Does this imply that China’s security review of Micron products is also nearing its end?
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