Business Standard

Taiwan's UMC halts R&D with Chinese semiconductor firm after U.S. ban


Reuters TAIPEI
TAIPEI (Reuters) - Taiwan chipmaker United Microelectronics Corp said it will temporarily halt research and development activities with its Chinese partner Fujian Jinhua, days after the United States cut off the state-backed Chinese firm from U.S. suppliers.
"UMC will follow all government regulations and temporarily hold the R&D activities we are performing for Fujian Jinhua until we are cleared to resume by the appropriate authorities," the Taiwan company said in a statement late on Wednesday.
U.S. President Donald Trump's administration took action on Monday to cut off Fujian Jinhua from U.S. suppliers amid allegations the firm stole intellectual property from U.S. semiconductor company Micron Technology Inc.
(Reporting By Jess Macy Yu and Yimou Lee; Editing by Susan Fenton)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 31 2018 | 4:27 PM IST

Explore News