Asian Tech Press (Nov 26) -- Taiwanese semiconductor manufacturer United Microelectronics Corporation (UMC) announced that it entered into a global agreement with U.S's Micron Technology. Each party will withdraw its lawsuit against the other and UMC will pay Micron a confidential lump sum settlement. Both parties will create business opportunities together.

Micron Technology is the industry leader in innovative memory and storage solutions, with over 40 years of technology leadership and innovation and over 47,000 patents worldwide, and is actively investing heavily in advanced research and development and manufacturing. The protection of intellectual property rights is an essential cornerstone for Micron to remain competitive.

Taiwan-based UMC is one of the world's leaders in semiconductor wafer expertise, specializing in logic and specialty technologies and providing high-quality wafer manufacturing services for major applications across the electronics industry. While providing competitive products and services in various fields, UMC will continue implementing and optimizing policies and measures to protect trade secrets.