Here is some interesting news, thought you all might like to know.
TAIPEI, Feb 15 (Reuters) - The U.S. Department of Commerce
has recommended imposing punitive duties on Taiwan firms charged
with dumping a memory chip called static random access memory
(SRAM) in the U.S. market, local media reported on Sunday fromWashington.
Among the SRAM makers to be hit with penalties were Taiwan's
top two semiconductor makers -- Taiwan Semiconductor
Manufacturing Co Ltd 2330.TW 2330.TW and United Micro
Electronics Corp 2303.TW -- and another chip giant, Winbond
Electronics Corp 2344.TW, the state-run Central News Agencysaid.
TI-Acer, a joint venture between Acer Inc 2306.TW and
Texas Instruments Inc TXN.N, also would be penalised.
According to the recommendation, TI-Acer would face a
dumping duty of 113.85 percent. Winbond would be assessed at
102.88 percent, United Micro 93.87 percent and Taiwan
Semiconductor 41.98 percent, the report said.
Local newspapers also widely reported the same details onthe case.
Several unlisted firms also were named in therecommendation.
The case now goes before the U.S. International Trade
Commission, which is expected to make a final decision by March
30, the agency and newspapers reported.
In April 1997, the commission said it found there was a
"reasonable" indication that U.S. industry was hurt by the
imports of SRAMs at what U.S. manufacturer Micron Technology Inc
MU.N had alleged was less than fair value.
REUTERSRtr 00:37 02-15-98 |
