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| China-Japan-Koreas |
| China's Found the Perfect Patsy to Tackle U.S. Chipmakers |
| 2018-07-07 |
| [WashingtonPost] It’s not hard to work out who’s being played here. Taiwan’s United Microelectronics Corp. won a patent case it brought against Boise, Idaho-based Micron Technology Inc. in a Chinese court. So on the surface, this poor little Taiwanese David defeats the big bad American Goliath. The Chinese court even ordered that Micron chips be halted from import or sale in Asia’s biggest economy, according to UMC. Micron stock fell as much as 8 percent, while UMC climbed as much as 3.9 percent in early Taipei trading Wednesday. You can almost hear UMC claiming that Micron started it. Micron executives sued the Taiwanese foundry in a U.S. court in December, claiming theft of trade secrets. The complaint was filed under a civil provision of the Racketeer Influenced and Corrupt Organizations Act. UMC is turning out to be the perfect patsy in China’s ongoing campaign to stick it to the U.S. over technology, intellectual property and trade. In its Fuzhou Intermediate People’s Court filing, it sought 270 million yuan ($41 million) in damages. I think that’s a smokescreen. Micron’s U.S. case in fact sprang from an August criminal indictment in Taiwan against UMC and its partner Fujian Jinhua Integrated Circuit Co. Taiwanese prosecutors alleged that UMC employees were part of a plan to misappropriate IP from an American company (Micron) and deliver it to China (via Jinhua). In its December civil complaint, Micron accused UMC of trying to recruit key Taiwanese personnel, and induce former Micron Taiwan staff to steal files that could be used to give little-known Jinhua a boost in China’s campaign to develop its own chip technology. A recent piece in the New York Times details the heist, which includes a police raid and a junior colleague spiriting a phone out of a factory as authorities closed in. That a Chinese court suddenly finds in favor of UMC and Jinhua, with a threat to stop all import and sale of Micron’s chips, completes the cycle of absurdity. |
| Posted by:Fat Bob Gleager4645 |
| #4 Then I discovered Taiwan taxed foreign held stock at various points in its lifecycle. Do elaborate. |
| Posted by: Zhang Fei 2018-07-07 14:06 |
| #3 I have Micron stock. Once upon a time I had some UMC stock. Then I discovered Taiwan taxed foreign held stock at various points in its lifecycle. I dumped it like a hot potato. Ever since I try to stay with US stock. |
| Posted by: 3dc 2018-07-07 13:34 |
| #2 So the Chinese are stealing US technology |
| Posted by: Raj 2018-07-07 06:27 |
| #1 All the chip manaufacturers especially the RAM one's are dodgy. Thye all recently got done for colluding in reducing supply to push up the prices. |
| Posted by: Bright Pebbles 2018-07-07 04:43 |