Taiwan’s UMC Pays to Settle Tech Theft Litigation With Micron

United Microelectronics Corp. and Micron Technology Inc. have settled a civil lawsuit in which the U.S. memory chipmaker accused the Taiwanese company of stealing and leaking its intellectual property to a Chinese partner.

UMC will make a one-time payment of an undisclosed amount to settle all competing claims between the companies globally, according to a joint statement. The move ends a high-profile chapter in U.S.-China tensions, with the international case serving as a focal point for Washington complaints of Beijing facilitating forced technology transfers from America to China, a charge the Asian country denies.