Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

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Dec 31 3:59 PM EST

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To: Gottfried who wrote (11040)	8/3/2004 8:14:39 AM
From: Proud_Infidel	Read Replies (2) of 25522

Now Hynix in trouble in Japan.... Japan prepares DRAM dumping probe, says report Silicon Strategies 08/03/2004, 6:00 AM ET TOKYO -- Japanese government authorities are to begin an investigation that could lead to duties on imports of DRAM chips made by South Korea's Hynix Semiconductor Inc., according to a Reuters report, which cited Japan's finance and trade ministries as sources. Japan's Elpida Memory Inc., a DRAM joint venture between Hitachi Ltd and NEC Corp, and the Japanese unit of Micron Technology Inc. had asked the Japanese government in June to impose duties on Hynix's DRAM chips, arguing that the conversion of large debts into equity by government-backed banks amounted to state subsidy for Hynix.. Hynix is already subject to anti-dumping duties of 34.8 percent imposed by the European Union and duties of 45 percent imposed on imports into the United States. Despite this, since the conversion of a large part of its debt into equity, the DRAM market has improved and Hynix rose to be the number two DRAM provider in the second quarter of 2004. "We believe that there is enough evidence for starting our investigation," the report quoted Finance Minister Sadakazu Tanigaki saying to a regular news conference on Tuesday (August 3).

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