Micron says China ban unfair but won't hurt revenue

U.S. Stock Market

When violations occur, UMC stands ready pursue patent infringement litigation in order to obtain judgment and remedies to protect the intellectual property rights of the company.

The company also confirmed in a statement for the first time two of its units had been temporarily banned from selling some memory chips and solid state drives in China, following a complaint from rivals United Microelectronics Corporation (UMC) and Fujian Jinhua Integrated Circuit Co.

In December, Micron introduced a lawsuit in United States District Court for the Northern District of California that accused UMC of stealing trade secrets and giving the technology to Jinhua. The lawsuit covers three areas, including specific memory applications and memory used in graphics cards.

Micron said it has not been served with an injunction and would not comment further until it has received and reviewed court documentation. Jason Wang, co-president of UMC, stated, "UMC is pleased with today's decision".

In January 2018, UMC and Jinhua filed patent infringement suits in Fujian Province, China against Micron's China subsidiaries. "And the stakes are high, as we can see in this case". Moore pointed out that the $42 million in damages requested by UMC are minimal compared to Micron's $32 billion revenue run rate.

China is the largest market that accounts for 65% of world semiconductor trade.

Fortnite Confirms Playground Mode Will Be Permanent, Not a Limited Time Mode
It's going away so Epic can "take it back under construction" before presumably bringing it back with some changes. Another adds: "Yeah, it would be cool to be able to save some of these maps so they can be used again".

UMC shares rose as much as 3.9 percent on Wednesday, before erasing a chunk of the gains to be up 1 percent.

It also resells flash memory products purchased from other suppliers. Because China cannot replace Micron's supply of chips with its own domestically produced chips, this could ultimately lead to a reversal of the court's ban, according to an unnamed official in South Korea's semiconductor industry, in an interview with South Korean news portal Business Korea.

China represents about one quarter of the worldwide sales of memory chips, while half of the revenue generated by Micron is from sales in China, with an additional 12.5% from sales of chips in Taiwan. If the ban is enacted, Micron's competitors, including Samsung, SK Hynix, WDC, Intel, Toshiba and the new entrant YMTC would be benefited.

However, sources close to the company say it is now drafting a response to the ruling by the Fuzhou Intermediate People's Court of the People's Republic of China.

The delay in approving the deal has coincided with uncertainty over the fate of Chinese smartphone and telecommunications company ZTE.

Related news:

Hot News

isis-killer-beheading-video-story-top Jordan Gets South Syria Rebels Back to Talks After Brief Collapse
Jul 07, 2018 - 02:33
Almost 150 civilians have died since the government assault in the south began two weeks ago, according to the observatory. Syrian rebels in Daraa said on Friday a ceasefire deal had been reached with regime ally Russian Federation .

isis-killer-beheading-video-story-top A World Cup to remember
Jul 07, 2018 - 02:22
Alexander Yerokhin became the first player in World Cup history to come on as a fourth sub in extra time against Spain . Live coverage of both games will be on TVJ, TVJ SN and Hitz 92 FM starting with pre-game shows at 8:00 am.

isis-killer-beheading-video-story-top Canada's Ontario government scraps cap-and-trade program
Jul 07, 2018 - 01:09
A spokesman for Ford said the ministers' offices are not now staffed and requests for comment should go to the premier's office.

isis-killer-beheading-video-story-top Lab-made embryos may save near-extinct rhino species
Jul 07, 2018 - 01:01
In total, Hildebrandt and his colleagues created four hybrid embryo, the Northern white Rhino - two males and two females. The eggs, known as oocytes, were taken from southern white rhinos given the dwindling number of available NWR eggs.

isis-killer-beheading-video-story-top UN Security Council to hold emergency Syria talks
Jul 06, 2018 - 23:41
But other opposition bodies have rejected the deals, while the numbers of those leaving the area continues to rise. In a statement Monday, the civilian half of the opposition's delegation said they had withdrawn from talks .

isis-killer-beheading-video-story-top Elon Musk offers to help Thai cave rescue
Jul 06, 2018 - 23:37
The billionaire entrepreneur said this would create an underwater air tunnel with the ability to "auto-conform to odd shapes". The project met its deadline which, if it had been missed, Musk had said would have cost him "probably $50 million or more".

Hispanic Unemployment Reaches Record Low, Media Praise Labor Force Rate
Jul 06, 2018 - 22:51
It had declined for three months in a row. "A 32K rise in employment was refreshing news after a couple of weak months". Hourly wages increased by 0.2 percent for an average annual increase of 2.7 percent, lower than analysts had hoped.

isis-killer-beheading-video-story-top Suarez Responds To Griezmann
Jul 06, 2018 - 22:43
Nabil Fekir N/A - Came on right at the end for the impressive Griezmann, with no chance to do anything of note. Uruguay's Diego Godin celebrates after the World Cup Round of 16 match with Portugal in Sochi June 30, 2018.

isis-killer-beheading-video-story-top Trump says USA to meet soon with Europe on trade
Jul 06, 2018 - 22:32
Mr Trump and Mr Rutte will both be attending next week's North Atlantic Treaty Organisation meetings . Some of the American media didn't even realise that Rutte was the Prime Minister of the Netherlands.

isis-killer-beheading-video-story-top China PM warns 'China will take measures in response' to tariffs
Jul 06, 2018 - 21:11
From blue jeans to motorbikes and whiskey, the EU's hit-list of products targeted the most emblematic of American exports. US officials and business owners have warned Trump that the tariffs will be a major hit to American companies.

isis-killer-beheading-video-story-top Microsoft Rewards app is now available for everyone on Xbox One
Jul 06, 2018 - 21:02
As an added bonus, Groups will be tied to your Xbox Live account and will automatically sync across multiple Xbox One consoles. The catch is that the feature is only available right now on certain English-language titles in the Game Pass catalog.

isis-killer-beheading-video-story-top Idris Elba Cast as Villain in Hobbs and Shaw Fast & Furious Spinoff
Jul 06, 2018 - 20:26
The movie, coming in 2019, will star Dwayne Johnson and Jason Statham as their popular characters Luke Hobbs and Deckard Shaw . Johnson will produce alongside his Seven Bucks Productions partners Dany Garcia and Hiram Garcia, Statham, Neal H.

isis-killer-beheading-video-story-top Love at first flight: Seat swap leads to viral love connection
Jul 06, 2018 - 20:12
After taking a trip to the bathroom together , the loved-up strangers were overheard discussing what they wanted out of life. Soon, it seemed that nearly everyone on the plane was rooting for them, with one young toddler waving at them continually.

isis-killer-beheading-video-story-top Meghan radiates sunshine alongside Prince Harry at Commonwealth event
Jul 06, 2018 - 18:26
Later in the year, the Duke and Duchess of Sussex will embark on an overseas visit to Australia , New Zealand, Fiji and Tonga. An expert has suggested Meghan may choose less eye-catching colours to avoid distracting attention from The Queen.

isis-killer-beheading-video-story-top Apple to completely ditch Intel chips by 2020
Jul 06, 2018 - 17:31
Hardware manufacturers need to prepare, though, and decide which 5G chips will make it into their products. The company hopes to re-pitch Sunny Peak to Apple in 2022 according to sources.