U.S. slaps higher duties on Asian chips

By Staff, ZDNet Asia
Friday, July 25, 2003 09:45 AM
U.S. authorities have decided to enforce higher tariffs on memory chips from Korea-based Hynix.

The U.S. International Trade Commission (USITC)'s decision will come into effect in mid-August, BBC News reported.

Once the plan is in place, DRAM (Dynamic Random Access Memory) from Hynix, the world's third-largest memory chipmaker, will be subjected to additional tariffs of 44.7 percent, the report said.

The USITC's verdict stemmed from an earlier finding that the South Korean government had unfairly funded Hynix's DRAM production, a move which it felt contributed to the worldwide decline in DRAM prices.

According to the report, Hynix has expressed its disappointment with the decision and plans to bring this dispute to the World Trade Organization or the Court of International Trade.


WORTHWHILE?

0

0 votes
Blog

Talkback 0 comments

There are currently no comments for this post.


Tech Jobs Now!

Search for your ideal tech job:

Output local group membership on Windows Server

Windows Server

Command line skills for Windows Servers are essential to deliver information without wasting time. Here's how an old tool and a new tool can help.


Read more »



Buying a projector? Try an LED TV instead

Blog thumbnail

If you're thinking of buying a new projector for your office meeting room, why not consider getting an LED TV instead. LED TVs are similar to LCD TVs except that..... by Lee Lup Yuen

Read more »

Tags

  1. acquisition
  2. acquisitions
  3. ceo
  4. china
  5. financial
  6. google inc.
  7. green it
  8. ibm corp.
  9. india
  10. industry
  11. information technology
  12. it outsourcing
  13. job
  14. microsoft corp.
  15. network
  16. outsourcing
  17. revenue
  18. singapore
  19. software
  20. u.s.