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July 03, 2018

Micron says has not received Chinese injunction on chip sales

Micron says has not received Chinese injunction on chip sales
Micron says has not received Chinese injunction on chip sales

U.S. chipmaker Micron Technology Inc (NASDAQ:MU) said on Tuesday it had not yet received an injunction banning chip sales in mainland China referred to earlier in the day by Taiwan-based competitor United Microelectronics Corp.

"Micron has not been served with the preliminary injunction referred to in the statements issued by United Microelectronics Corporation (UMC) and Fujian Jinhua Integrated Circuit Co. (Jinhua) dated July 3," the chipmaker said in a statement.

Micron said it would not comment further until it had reviewed documentation from the Fuzhou Intermediate People's Court of China. UMC filed a patent infringement lawsuits against Micron in January.

Shares of Micron and other U.S. chipmakers fell on Tuesday after UMC said a court in China ruled in its favor and temporarily banned Micron from selling chips in the mainland.

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