Semiconductors are among China's biggest imports rivalling oil More
07 July, 2018, 03:59
A Chinese court has temporarily barred Micron Technology from selling 26 chip products in the mainland in a ruling over a patent infringement case with Taiwan'sUnited Microelectronics (UMC), UMC said. "Micron will not be commenting further until the company has received and reviewed documentation from the Fuzhou Intermediate People's Court of China".
To counter the lawsuit, UMC sued Micron in China in January 2018, accusing the American company of stealing its patents registered in China.
The court in China ordered Micron chips to be halted from being imported or sold in the largest economy in Asia, said sources at the court.
The dispute follows a ban on USA firms supplying parts to China's telecom equipment maker ZTE as well as the drawn-out wait for Chinese regulators to approve Qualcomm Inc's $44 billion takeover of NXP Semiconductors.
Shares of Micron Technology are rallying Thursday, up 1.32%, after the company said the impact from a sales ban in China won't have be a huge negative on its business.
China is also investigating Micron and its South Korean rivals over price fixing allegations, amid a surge in prices of dynamic random access memory (DRAM) chips.
The civil lawsuit filed by Micron against UMC and Jinhua in California is consistent with Micron's commitment to aggressively protect and enforce its trade secrets and intellectual property worldwide.
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UMC shares got a boost from the Chinese court ruling soon after the market opened, and while their momentum was compromised to some extent by the lingering trade friction between the United States and China, the stock still stayed in positive territory. UMC's case included requests that Micron stop making, importing, or selling these products.
Micron said it expects quarterly revenue to be within the previously guided range of $8.0 billion to $8.4 billion.
"I think that China is using this case as a payback against the USA", said Ho in an interview with the Taiwan branch of New York-based broadcaster New Tang Dynasty Television. 'UMC is pleased with today's decision, ' crows Jason Wang, co-president of UMC.
US analysts who have been recommending Micron's stock as it racks up record profits amid one of the strongest periods of demand in the memory chip industry's 50-year history, expressed relief at Micron's analysis.
European shares are broadly higher Wednesday, but they are losing some ground as trade tensions continue to simmer.
Other chipmakers also gained. The ban applies to its subsidiaries Micron Semiconductor (Xi'an) Co Ltd and Micron Semiconductor (Shanghai) Co Ltd.
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However, the department of state said it was not putting forward a specific timeline for the denuclearization process. It is Mr Pompeo's first visit to the country since Mr Kim's historic summit with Donald Trump in Singapore .
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Supporters of Russian Federation celebrate on the Red Square after their team's victory in the FIFA World Cup 2018 round of 16. Neymar will have to be careful not to pick up another booking as he would miss a semifinal should Brazil prevail.
The win means Sweden's impressive campaign motors on as they await the victor of Colombia and England in the quarter-finals. Switzerland controlled possession early as Sweden mostly defended with 10 men behind the ball when in their own half.
They spent seven days in jail for violating the Yellowstone rules in Wyoming and were banned from United States federal lands. Gamble and Lyakh pleaded guilty to heading off the walkway at the park and onto the Grand Prismatic Spring.
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According to the report, the forthcoming affordable 6.1-inch LCD iPhone will be available in grey, white, blue, red, and orange. And if you ask me, based on the mock created by 9to5Mac (shown above), the iPhone's new paint jobs would look pretty good.
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Chinese companies and investors girded for the worst, while economists cautioned any impact on the economy would be minimal. That was system that small countries like New Zealand relied to resolve issues of trade conflict.
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