Monday, August 25, 2003
Elpida Memory Inc and four Taiwanese memory chip makers, including Nanya Technology Corp, have decided to urge their respective governments to impose countervailing duties on the DRAM products of Korea's Hynix Semiconductor Inc.
Claiming that Hynix is receiving illegal subsidies in the form of loans from banks partly owned by the Korean government, the five firms will seek countervailing duties that will neutralize Hynix's pricing advantage.
In July, the US Commerce Department decided to impose a maximum of 44.71% in punitive tariffs on Hynix products in response to a complaint filed by Micron Technology Inc, the second largest DRAM producer in the world. On Aug 12, the European Union also decided to slap a 34.8% import tax on the DRAM chips of the Korean manufacturer, which has the third-largest share of the global DRAM market.
Elpida will file with the Ministry of Economy, Trade and Industry (METI) a request for punitive tariffs by the end of this year after surveying the damage caused by Hynix's products in the domestic market. The four Taiwanese firms are expected to file similar complaints as soon as within the week. If approved, the import tariffs on Hynix products will likely be raised to 30-40%, in line with those prevailing in the US and Europe.
By: DocMemory
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