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Chipmaker Denies Tech Theft

Chinese chipmaker Fujian Jinhua Integrated Circuit has denied it stole technology, after the US Justice Department indicted the state-backed company for stealing trade secrets.

Prosecutors indicted Fujian Jinhua, United Microelectronics and three individuals for conspiring to steal trade secrets from US semiconductor company Micron Technology relating to its research and development of memory storage devices.

Earlier in the week the Trump administration cut Fujian Jinhua off from US suppliers. In its defence, Fujian said the company always attaches great importance to the protection of intellectual property rights.

The move to block Fujian Jinhua, a company of strategic importance to China, could seriously damage the company’s global ambitions.

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