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Technology Stocks : Alliance Semiconductor
ALSC 0.8100.0%Jul 10 5:00 PM EST
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To: Ken Muller who wrote (6667)12/22/1999 4:15:00 PM
From: DJBEINO  Read Replies (1) of 9582
 
U.S. imposes 10.44 pct duty on Hyundai DRAMs

WASHINGTON, Dec 22 (Reuters) - The U.S. Commerce Department
said on Wednesday it has begun collecting 10.44 percent duties
on imports of certain computer memory chips from South Korea,
which it has said are being sold at below fair value.
The order affects dynamic random access semiconductors
(DRAMs) imported by chip makers Hyundai Electronics Industries
Co. <00660.KS>, and LG Semicon, which is now a unit of Hyundai,
and reseller G5 Corp., a department official said.
The department issued the order to its Customs Service
after publishing on Dec. 14 the final results of its review of
imports of DRAMs from South Korea between May, 1997, and April
1998.
The review was started after a petition by Micron
Technology Inc. , complaining that the South Korean DRAMs
were being dumped, or sold at below fair value, in the United
States.
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