Monday, April 13, 2009
Japan has decided to remove a special tariff on computer memory chips made by South Korea's Hynix Semiconductor Inc (000660.KS), Japan's Kyodo news agency reported on Monday.
The Ministry of Economy, Trade and Industry is scheduled to announce at 1:00 p.m. (0400 GMT) whether it will lower its 9.1 percent countervailing duty on dynamic random access memory (DRAM) chips made by Hynix, the world's No. 2 memory chip maker which competes with Japan's Elpida Memory Inc (6665.T).
The memory sector is struggling to deal with mounting losses and debt after two years of steep price falls due to weak demand.
Japan lowered its tariff on chips from Hynix from 27.2 percent in September, after a World Trade Organisation ruling in 2007 that Tokyo cut its duties on Hynix's dynamic random access memory chips.
It has put its remaining tariffs on Hynix under review.
By: DocMemory
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