Memory chip parts of US chipmaker Micron Technology Inc are pictured at their booth at an industrial fair in Frankfurt, Germany, July 14, 2015. (PHOTO / VCG)

United Microelectronics Corp and Micron Technology Inc have settled a civil lawsuit in which the US memory chipmaker accused the Taiwanese company of stealing and leaking its intellectual property.

The case concerned an allegedly illegal transfer of Micron’s memory designs in a chip manufacturing deal made by United Microelectronics Corp

UMC will make a one-time payment of an undisclosed amount to settle all competing claims between the companies globally, according to a joint statement. 

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The case concerned an allegedly illegal transfer of Micron’s memory designs in a chip manufacturing deal made by UMC.

In 2020, UMC pleaded guilty in San Francisco federal court in a deal with US prosecutors, who agreed to drop charges of economic espionage and conspiracy. UMC instead admitted to trade-secret theft and agreed to pay a $60 million fine.

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Following the move, Micron said it will continue to seek “full restitution” from UMC in a separate civil lawsuit.