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Reuters
Reuters
Business

UMC shares rise after it wins trade infringement case with Micron

TAIPEI (Reuters) - Shares of United Microelectronics Corp <2303.TW>, Taiwan's second-largest chip maker, rose more than 2 percent on Wednesday after it said it had won a trade infringement case with Micron Technology Inc <MU.O>.

The Fuzhou Intermediate People's Court ordered Micron not to sell 26 chip products including dynamic random access memory chips and NAND flash memory chips in China, UMC said in a statement late on Tuesday.

UMC's shares were up 2.2 percent in early trade, outperforming a flat broader market. <.TWII>

(Reporting by Jess Macy Yu; Editing by Anne Marie Roantree and Richard Pullin)

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