Micron Faces Patent Infringement Lawsuit from China's Leading Memory Chip Maker

China's leading flash memory maker, Yangtze Memory Technologies Co (YMTC), has filed a lawsuit against US memory chip maker Micron Technology for patent infringement. The lawsuit alleges that Micron and its subsidiary infringed on eight of YMTC's patents related to NAND flash memory chips. This legal battle comes as YMTC faces US sanctions and seeks to replace US parts in its manufacturing equipment. YMTC aims to establish itself as a key player in the global 3D NAND market, while Micron's market share is projected to decline.