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UMC - Micron and UMC reach a global settlement deal; withdraw complaints
United Microelectronics Corporation
United Microelectronics Corporation (NYSE:UMC) and Micron Technology (NASDAQ:MU) announced a settlement agreement between the two companies worldwide. The companies will globally withdraw their long-pending complaints against the other party, and UMC (UMC) will make a one-time payment of an undisclosed amount to Micron (MU). In addition, the companies look forward to engaging in mutual business cooperation opportunities.