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US chip company Micron settles IP lawsuit with Chinese firm

By Ma Si | chinadaily.com.cn | Updated: 2023-12-25 13:04
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A Micron booth at the sixth China International Import Expo held in Shanghai in November. [Photo/VCG]

The US chip company Micron Technology Inc said it has settled an intellectual property theft lawsuit with Chinese company Fujian Jinhua Integrated Circuit Co.

Micron said in a statement that it has reached a global settlement agreement with the Chinese company.

"The two companies will each globally dismiss their complaints against the other party and end all lawsuits between them," a Micron spokeswoman said.

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