'China Chipmaker YMTC Sues Micron For Alleged Patent Infringement' - Nikkei Reported Earlier
Portfolio Pulse from Benzinga Newsdesk
Chinese semiconductor company Yangtze Memory Technologies Co. (YMTC) has filed a lawsuit against U.S.-based Micron Technology for alleged patent infringement. YMTC claims that Micron has infringed on its patents and is seeking compensation for damages. The lawsuit is seen as a move by YMTC to gain and protect market share in the competitive semiconductor industry.
November 13, 2023 | 2:59 pm
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Micron Technology is facing a lawsuit from YMTC for alleged patent infringement, which could lead to financial and reputational risks for the company.
The lawsuit against Micron Technology by YMTC for patent infringement could negatively impact Micron's stock price in the short term due to potential legal costs, disruptions, and the uncertainty it brings to the company's operations and market share.
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