Taiwan's Intellectual Property and Commercial Court Announced Its Ruling on UMC and Other Defendants with Respect to Micron Case

Rhea-AI Summary

The Intellectual Property and Commercial Court in Taiwan ruled favorably for UMC in a trade secrets case, emphasizing its commitment to fair legal processes. UMC expects the prosecution to honor this ruling and the 2021 global settlement with Micron Technology, facilitating case closure. As a leading semiconductor foundry, UMC focuses on high-quality fabrication services and technological advancement, with significant capacity and a broad service offering. The company aims to enhance its position in the semiconductor market, contributing to Taiwan's economic growth.

Positive

• Favorable ruling from Taiwan's Intellectual Property and Commercial Court concerning trade secrets.
• Commitment to trade secret protection and high-quality service.
• Continued investment in foundry business to strengthen global competitiveness.

Negative

• None.

HSINCHU, Taiwan--(BUSINESS WIRE)-- Taiwan's Intellectual Property and Commercial Court today announced its ruling on UMC and other defendants with respect to the case of the violation of the Trade Secrets Act. UMC appreciates the fairness of the ruling and its basis in facts. UMC hopes that the prosecution will respect the decision of the Intellectual Property and Commercial Court and the global settlement reached between UMC and Micron Technology, Inc. in November 2021, so that the case can be concluded.

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 continues to implement and optimize its policy and procedures for trade secret protection while providing high quality products and services to its customers. UMC is fully committed to developing its foundry business in order to compete in the global semiconductor market and to make positive contributions to the technological and economic development in Taiwan.

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: http://www.umc.com.

Note from UMC Concerning Forward-Looking Statements

Some of the statements in the foregoing announcement are forward-looking within the meaning of the U.S. Federal Securities laws, including statements about introduction of new services and technologies, future outsourcing, competition, wafer capacity, business relationships and market conditions. Investors are cautioned that actual events and results could differ materially from these statements as a result of a variety of factors, including conditions in the overall semiconductor market and economy; acceptance and demand for products from UMC; and technological and development risks. Further information regarding these and other risks is included in UMC’s filings with the U.S. Securities and Exchange Commission. UMC does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220126006114/en/

Media

Michelle Yun

886-3-578-2258 x16951

michelle_yun@umc.com

Source: United Microelectronics Corporation

FAQ

What was the ruling regarding UMC's trade secrets case in Taiwan?

The Intellectual Property and Commercial Court ruled favorably for UMC regarding the violation of the Trade Secrets Act.

What does UMC hope for after the court ruling?

UMC hopes the prosecution will respect the court's decision and the global settlement with Micron Technology reached in November 2021.

What is UMC's focus in the semiconductor industry?

UMC focuses on high-quality IC fabrication services and advancing its technological capabilities within the semiconductor market.

How many fabs does UMC operate?

UMC operates a total of 12 fabs with a combined capacity close to 800,000 wafers per month.

What are the risks mentioned in UMC's press release?

UMC cautions that actual results may differ due to semiconductor market conditions, product demand, and technological risks.