UMC, Micron to withdraw complaints against each other By Reuters

© Reuters. FILE PHOTO: Micron Technology’s solid-state drive for data center customers is presented at a product launch event in San Francisco, U.S., October 24, 2019. REUTERS/Stephen Nellis

(Reuters) – Taiwan’s UMC and U.S. semiconductor firm Micron Technology Inc (NASDAQ:) have agreed to withdraw their complaints against each other, the companies announced on Thursday.

UMC, formally known as United Microelectronics Corp, will also make a onetime payment to Micron of an undisclosed amount.

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