Salem Radio Network News Friday, December 3, 2021

Business

UMC, Micron to withdraw complaints against each other

(Reuters) – Taiwan’s UMC and U.S. semiconductor firm Micron Technology Inc have agreed to withdraw their complaints against each other, the companies announced on Thursday.

UMC, formally known as United Microelectronics Corp, will also make a onetime payment to Micron of an undisclosed amount.

(Reporting by Eva Mathews in Bengaluru; editing by Jonathan Oatis)

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