Renctly, the US to Restrict Exports to Chinese Chipmaker Fujian Jinhua and UMC Stops Joint Fujian Jinhua Project. Now, the company has released a statement defending itself against the claim that it stole trade secrets from a U.S. business.
According to the Department of Commerce, Fujian Jinhua’s plan to increase DRAM production “threatens the long-term economic viability of U.S. suppliers of these essential components of U.S. military systems,” which means the DRAM maker “poses a significant risk of becoming involved in activities that are contrary to the national security interests of the United States.”
The U.S. Justice Department on Thursday indicted Fujian Jinhua, Taiwan’s United Microelectronics Corp and three individuals for conspiring to steal trade secrets from U.S. semiconductor company Micron Technology Inc relating to its research and development of memory storage devices.
Earlier in the week, U.S. President Donald Trump’s administration took action to cut Fujian Jinhua off from U.S. suppliers.
“Behaviour to steal another firm’s technology does not exist,” Fujian Jinhua said in a statement posted on its official website.
“Micron regards the development of Fujian Jinhua as a threat and adopts various means to hamper and destroy the development of Fujian Jinhua,” the statement said.
The company “always attaches great importance to the protection of intellectual property rights,” Fujian Jinhua added.
The move to block Fujian Jinhua escalated what until now had been a business dispute into the realm of an international trade conflict between the United States and China.
The world’s top two economies are already waging a tariff war over their trade disputes, with U.S. duties in place on $250 billion worth of Chinese goods and Chinese duties on $110 billion of U.S. goods.
The U.S. moves could seriously damage the ambitions of Fujian Jinhua, a firm of strategic importance to China.
According to the report, Jinhua production line has been completely shut down,the number of machines that have placed orders but have not been shipped is suspended.
