Taiwan’s UMC hopes to conclude US trade-secret lawsuit soon with US$60 million settlement

//Taiwan’s UMC hopes to conclude US trade-secret lawsuit soon with US$60 million settlement

Taiwan’s UMC hopes to conclude US trade-secret lawsuit soon with US$60 million settlement

Taiwanese contract chip maker United Microelectronics Corp (UMC) said on Thursday it hoped a business espionage lawsuit brought by the US Department of Justice (DOJ) against the company could be settled soon.UMC has been in talks with the DOJ and has submitted a proposal for the matter to be resolved, involving a settlement of US$60 million, it said in a filing to Taiwan’s stock exchange.“UMC continues to discuss this case with the US Department of Justice hoping to reach a conclusion as soon…

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By | 2020-10-23T01:45:30+00:00 October 23rd, 2020|Technology|Comments Off on Taiwan’s UMC hopes to conclude US trade-secret lawsuit soon with US$60 million settlement