Micron and umc announce global settlement

Hsinchu, taiwan--(business wire)--united microelectronics corporation (twse: 2303; nyse: umc) and micron technology, inc. (nasdaq: mu) today announced a settlement agreement between the two companies worldwide. the companies will globally withdraw their complaints against the other party, and umc will make a one-time payment of an undisclosed amount to micron. umc and micron look forward to engaging in mutual business cooperation opportunities. micron is one of the world's largest semiconductor
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