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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 (7222)4/6/2000 11:26:00 AM
From: DJBEINO  Read Replies (1) of 9582
 
Micron drops dumping charge against Taiwan DRAM makers

Taipei, April 5, 2000 (CENS)--Producers of DRAM (dynamic random access memory) chips in Taiwan on Wednesday welcomed the decision by Micron Technology Inc. of the U.S. to retract an anti-dumping charge against more than a dozen of Taiwanese suppliers.

But companies said they still have no plans to withdraw the countercharge against Micron Technology for alleged dumping of its products in Taiwan.

Hu Cheng-ta, secretary general of the Taiwan Semiconductor Industry Association (TSIA), said Micron Technology filed the dumping case against Taiwanese suppliers to the U.S. Department of Commerce in October 1998. It later took the case to the international trade court after a rejection from the U.S. International Trade Commission (ITC).

But the U.S. firm took a dramatic action to drop the case in late March. Hu said the 17-month legal battle represents a victory resulting from the cooperation of Taiwanese enterprises. He also attributed the positive development to the price changes of DRAM chips on the international market during the period.

However, Hu said semiconductor companies in Taiwan have no plans to withdraw their countercharge against Micron Technology for allegedly dumping its products on the island.

He said these are two separate cases. Although the International Trade Commission under the Ministry of Economic Affairs has made a preliminary ruling that Micron Technology did not cause harm to Taiwanese manufacturers on the domestic market, Hu said the companies will decide whether to appeal the case after they receive official notice from the commission.
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