A federal judge in San Francisco disagreed, acquitting Chinese state-owned company Fujian Jinhua Integrated Circuit last week of charges of economic espionage and conspiracy. But in May, Chinese officials banned major Chinese companies from buying from Micron, in what was widely viewed as a retaliatory response, saying its products posed a national-security risk. Micron had gotten about a quarter of its revenue from China, half of which risked being wiped out. In 2016, the Chinese government identified memory-chip technology as a national economic priority because Chinese companies hadn’t yet developed their own capabilities. U.S. prosecutors ultimately charged Jinhua, UMC and three managers in the case.

Source: Wall Street Journal March 04, 2024 06:03 UTC