A significant Chinese flash reminiscence chip maker opened a patent lawsuit towards Micron Technology Inc., reportedly accusing it of infringing on a number of of its patents.
The swimsuit, by Yangtze Memory Technologies Co. (YMTC) towards Micron
was filed on Thursday within the U.S. District Court for Northern California. According to media stories, the Chinese firm stated rival Micron has infringed on eight patents.
Micron sells dynamic random-access reminiscence (DRAM) chips used for smartphone servers and computer systems. A number one reminiscence chip maker, YMTC accused the U.S. firm of not paying what it ought to to make use of the corporate’s innovations.
YMTC was added to a U.S. authorities export blacklist late final yr, and Beijing, in flip, earlier this yr banned China corporations from shopping for Micron merchandise after a cybersecurity assessment, saying the U.S. firm’s merchandise posed a serious nationwide safety danger.
Micron’s fiscal fourth-quarter outcomes, reported in late September, got here in higher than anticipated, however the firm stated it it was nonetheless seeing headwinds from the China restrictions on its merchandise.
MarketWatch has reached out to Micron and YMTC for remark. In a press release offered to Reuters, YMTC confirmed the lawsuit had been filed “for infringement of our company’s patents related to the design, manufacture and operation of 3D NAND technology,” it stated. “We are confident that this matter will be resolved swiftly.”
Shares of Micron are up 50% thus far in 2023.