Fujian chipmaker to appeal US ban over alleged theft of tech secrets
A FUJIAN chipmaker plans to appeal a US ban on its products prompted by allegations that it stole American trade secrets, reports Bloomberg
A FUJIAN chipmaker plans to appeal a US ban on its products prompted by allegations that it stole American trade secrets, reports Bloomberg.
State-owned Fujian Jinhua Integrated Circuit Co, across the Taiwan Strait, 75 kilometres up the coast from Xiamen, has been charged along with its Taiwan partner, United Microelectronics, of stealing intellectual property of Idaho-based Micron Technology.
The accused companies deny the charges, and have challenged US authorities to show proof.
'In the following months, Jinhua is willing to clarify that it doesn't pose a threat to the national security of the US,' it said in a statement posted on the corporate website. 'The company has abided by US law since the beginning,' it said.
Jinhua is one of three domestic memory chipmakers tasked with helping China reduce a reliance on some US$200 billion of annual semiconductor imports - about as much as China spends on importing oil.
In July, a Chinese court suspended some Micron chip sales in the country, though the American company has said that moratorium affected just one per cent of its annual revenue.