The U.S. chip company Micron Technology Inc said it has settled an intellectual property theft lawsuit with Chinese company Fujian Jinhua Integrated Circuit Co.
Micron said in a statement that it has reached a global settlement agreement with the Chinese company.
"The two companies will each globally dismiss their complaints against the other party and end all lawsuits between them," a Micron spokeswoman said.
Commentary: Chinese consumer market full of opportunities for global brands
Red sea crisis highlights vital role of China
Over 600 enterprises sign up for 7th CIIE
China launches satellite to monitor marine, space environments
Xi Sends Congratulatory Letter to Forum on China
Multinational enterprises confident of China's economic growth target
Qingdao witnessed a lively New Year Temple Fair at Qingdao Light