Micron Says China Ban Won't Hurt Earnings But Ruling Is Unfair
07 July, 2018, 04:04 | Author: Gerard Cortez
Then, UMC counterpunched. In January this year, UMC filed a lawsuit against Micron in the court of Fuzhou City, China, demanding 270 million yuan (US$40.5 million) in compensation, claiming that Micron infringed upon its DRAM technology patents.
Micron, which gets a chunk of its revenues from China, said it had not been served with the injunction and would not comment further until it had reviewed documentation from the Chinese court.
China's aim may not be to bar shipments of Micron's chips, instead the ruling may be part of a strategy to push it into a partnership with Chinese semiconductor makers, which could speed up the country's internal chip industry development, according to Stifel Nicolaus analyst Kevin Cassidy.
Other semiconductor shares suffered as well on the news as the battle between Micron and China is considered a bellwether amidst a trade fight between Beijing and Washington, and China's attempt to gain advanced chip tech and knowledge.
Back in December 2017, Micron filed a civil lawsuit in California, accusing UMC and its Chinese partner Fujian Jinhua Integrated Circuit of stealing design and manufacturing technologies related to its DRAM chips.
Micron reiterated its fiscal fourth quarter revenue forecast of $8 billion to $8.4 billion. Joel Poppen, Micron's general counsel, added that it "will continue to aggressively defend against these unfounded patent infringement claims while continuing to work closely with its customers and partners". UMC's case included requests that Micron stop making, importing, or selling these products.
Micron is the world's fourth-biggest semiconductor supplier by sales revenue following South Korean firms Samsung and SK Hynix and United States chip giant Intel.
The Micron ban escalates a trade dispute between China and the United States that's engulfing industries from steel to autos and increasingly also the electronics sector, where the two countries' economies are heavily intertwined.
"UMC is pleased with today's decision", Jason Wang, the company's co-president, said in a statement.
USA 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. UMC shares jumped more than 3% in morning trading in Taiwan on Wednesday but ended the day flat.
The Micron ban could be a major opportunity for other global chipmakers to step in. When the ban on the sale of Micron products in China is realized, the ban is expected to benefit the Korean semiconductor industry.
Trump has been attacking the press for years but really ratcheted up his efforts when he became a presidential candidate. Buckley told The Baltimore Sun he was disappointed the tragedy was not being given enough importance.
Carr didn't stop there, issuing an application for those wishing to root for the Lakers now that James will be playing there. Many have already wondered what the NBA Finals might look like without James taking on the Warriors every year.
OnePlus cooperation with colleagues from the American company Qualcomm suggests which processor will receive the device. They would like to have one of the primary smartphones available with help for 5G network in the United States.
Everyone in the team will be feeling pain today but we've got to take out the positives of this weekend. Bottas's retirement prompted a virtual safety auto , under which both Red Bull and Ferrari pitted.
It's the last long-term max contract that James can sign thanks to the NBA CBA's Over-38 rule (formerly the Over-37 rule). Can the Lakers beat the Golden State Warriors? Well, at least young and outspoken centre Joel Embiid isn't.
The Trudeau government's decision to stand up to Trump with retaliatory measures has attracted wide support in Canada. Ottawa is also promising to boost funding for the provinces and territories to increase job and training programs.
Serena Williams and seventh-seeded Czech Karolina Pliskova both won on Friday to avoid this year's surprising cull of favourites. The American 25th seed moved into the second week without dropping a set and will next face Russian qualifier Evgeniya Rodina .
Rumours have the phone featuring a 6.3-inch Super AMOLED display with an 18.5:9 aspect ratio, much like the Galaxy S9 . The Galaxy Note 8 includes a 6.3-inch QHD+ show, Exynos 8895 octa-center CPU, 6GB RAM and 64GB stockpiling.
According to multiple reports , Paul has agreed a lucrative four-year max salary deal with the Rockets , worth $160million. Not only do they get to keep the 2017 and 2018 NBA Finals MVP, but they also get some financial flexibility in the deal.
In terms of his health going forward, it's really important to keep in mind the severity of an Achilles injury like this one. Cousins became one of eight players in history to average at least 25 points, 10 rebounds, and five assists in a season.
Merkel has rejected that approach, saying Germany needs to address migration more broadly to preserve European Union unity. And he insisted the CSU isn't questioning the government's stability and doesn't want to break up the CDU-CSU partnership.
Pompeo hopes to fill in details on NK denuclearisation
Kim has committed to denuclearization as a way to prevent a U.S. attack. "I expect that [North Korea] is ready to do the same". South Korean newspaper Chosun Ilbo said that Trump had even raised the subject of the epithet in their meeting in Singapore .
Rep. Jordan Hints at Fallback Defense in Fox Interview
We would have all these great talks with him and he talked about how one day he'd be the president of the United States. Jordan has said he only learned about the abuse allegations this spring, when former students began speaking out.
Malaysia's ex-PM Najib Razak arrested
Local media reports said Najib was seen leaving his house in the capital, Kuala Lumpur , in an unmarked police auto . Earlier, a security source said that agents from the Malaysian Anti-Corruption Commission arrested Mr Najib.
California wildfires turn San Francisco sky eerie yellow
The fire , which was human caused , is just five per cent contained, according to InciWeb, a federal government wildfire website. The Rio Grande Scenic Railroad said the fire destroyed its outdoor concert stage and it is raising money to rebuild it.
French gangster escapes prison in a helicopter
Redoine Faid , France's most famous gangster, is on the run after escaping by helicopter from a prison in the Paris region. In the 1990s, he was co-leader of a gang engaged in jewel theft, armed robbery and extortion in the Paris area.