:U.S. chipmaker Micron Technology Inc and Taiwanese peer United Microelectronics Corp have agreed to withdraw complaints against each other following a years-long legal dispute over intellectual property .
Micron had accused UMC of misappropriating trade secrets and passing them to a Chinese state-backed firm. UMC had alleged patent infringement by two of Micron's China-based subsidiaries. Last year, the United States fined UMC US$60 million after the Taiwanese firm pled guilty to stealing Micron designs and sharing them with China's state-backed Fujian Jinhua, which is building a memory chip manufacturing plant.
As part of the guilty plea, the U.S. Department of Justice dismissed other allegations against UMC, including conspiracy to commit economic espionage.
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