Micron and UMC Announce Global Settlement

Rhea-AI Summary

Micron Technology, Inc. (Nasdaq: MU) has announced a settlement with United Microelectronics Corporation (UMC) regarding their worldwide complaints against each other. UMC will make a one-time, undisclosed payment to Micron, and both companies are optimistic about future business cooperation. Micron, a major player in the semiconductor industry, boasts over 47,000 patents and emphasizes the importance of intellectual property for its competitiveness. UMC operates 12 fabs with a combined capacity close to 800,000 wafers per month, strengthening its position in logic and specialty products.

BOISE, Idaho, Nov. 25, 2021 (GLOBE NEWSWIRE) -- United Microelectronics Corporation (TWSE: 2303; NYSE: UMC) and Micron Technology, Inc. (Nasdaq: MU) today announced a settlement agreement between the two companies worldwide. The companies will globally withdraw their complaints against the other party, and UMC will make a one-time payment of an undisclosed amount to Micron. UMC and Micron look forward to engaging in mutual business cooperation opportunities.

Micron is one of world’s largest semiconductor companies with more than 40 years of technology leadership and innovation, over 47,000 lifetime patents granted and significant investment in leading-edge manufacturing and processes. IP protection is fundamental to Micron’s ability to remain competitive as the company continues to drive innovation that is essential to the data economy.

UMC is a leading global semiconductor foundry company focusing on the fabrication of logic and specialty products for all major sectors of the electronics industry. UMC has 12 fabs with combined capacity close to 800,000 wafers per month (8-in equivalent). UMC constantly improves and refines its policy and procedures for trade secret protection while providing high quality products and services to its customers.

About UMC
UMC (NYSE: UMC, TWSE: 2303) is a leading global semiconductor foundry company. The company provides high quality IC fabrication services, focusing on logic and various specialty technologies to serve all major sectors of the electronics industry. UMC’s comprehensive IC processing technologies and manufacturing solutions include Logic/Mixed-Signal, embedded High-Voltage, embedded Non-Volatile-Memory, RFSOI and BCD etc. Most of UMC's 12-in & 8-in fabs with its core R&D are located in Taiwan, with additional ones throughout Asia. UMC has total 12 fabs in production with combined capacity close to 800,000 wafers per month (8-in equivalent), and all of them are certified with IATF-16949 automotive quality standard. UMC is headquartered in Hsinchu, Taiwan, plus local offices in United States, Europe, China, Japan, Korea & Singapore, with worldwide total 19,500 employees. For more information, please visit: https://www.umc.com.

About Micron Technology, Inc.
We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence and 5G applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.

© 2021 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.

Micron Media Relations Contact
Erica Pompen
Micron Technology, Inc.
+1 (408) 834-1873
epompen@micron.com

Micron Investor Relations Contact
Farhan Ahmad
Micron Technology, Inc.
+1 (408) 834-1927
farhanahmad@micron.com

FAQ

What was the settlement agreement between Micron Technology (MU) and UMC?

Micron Technology and United Microelectronics Corporation reached a settlement where UMC will make a one-time, undisclosed payment to Micron, and both will withdraw their complaints against each other.

How many patents does Micron Technology (MU) hold?

Micron Technology has been granted over 47,000 lifetime patents.

What is the wafer capacity of UMC?

United Microelectronics Corporation has a combined capacity close to 800,000 wafers per month across its 12 fabs.

What are Micron Technology's main products?

Micron Technology specializes in high-performance DRAM, NAND, and NOR memory and storage products.

What is the significance of the Micron and UMC agreement for investors?

The settlement may foster potential business cooperation opportunities, which could positively impact both companies' market positions.