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The Fujian Jinhua chip company is increasingly at the center of the Sino-US trade dispute. Following the imposition of US sanctions on the company, the group rejected the allegation of technology theft on Saturday. At the same time, he accused the US rival Micron of wanting to torpedo the rise of Fujian Jinhua with all his might.
"Micron sees the development of Fujian Jinhua as a threat and uses various means to hinder and destroy the development of Fujian Jinhua," he said in a statement posted on the Group's website.
According to the US Department of Justice, Fujian Jinhua said his competitor Micron stole business secrets for research and development of memory chips. The co-defendants are United Microelectronics of Taiwan, as well as three people who allegedly teamed up with Fujian Jinhua. As a result, US companies can no longer supply components to Fujian Jinhua and United Microelectronics. This is hard on Chinese society because it depends on supplies from the United States.
According to Chinese government circles, Fujian Jinhua is of great strategic importance for the People's Republic. The group is at the center of an initiative to strengthen semiconductor production and reduce dependence on imports, particularly from the United States.
The dispute is reminiscent of the Chinese tech giant ZTE, sanctioned in April by the Washington government for allegedly violating the sanctions imposed by Iran and North Korea. In July, the United States lifted the restrictions after ZTE paid a $ 1 billion fine and transferred an additional $ 400 million into a trust account in the United States.
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