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Technology Stocks : Alliance Semiconductor
ALSC 0.8100.0%Jul 10 5:00 PM EST
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To: DJBEINO who wrote (4120)10/15/1998 11:14:00 PM
From: DJBEINO  Read Replies (1) of 9582
 
EU approves antidumping procedure
By Jack Robertson
Electronic Buyers' News
(10/15/98, 06:00:09 PM EDT)

The European Union today official approved a six-month-old fast track memory chip antidumping procedure negotiated between the Japanese and European chip industries.

Under the pact Japanese chip makers will maintain current production cost data for making DRAMs, EEPROMs and flash memory chips that can be quickly reviewed in any future dumping cases.

The EU closed a 10-year DRAM dumping case against Japanese producers, on the condition that the chip companies kept current cost data records for immediate access in any prospective dumping complaints. The European Electronic Components Manufacturers Association and the Electronic Industries Association of Japan signed just such a pact.

Today's EU blessing clarified that the fast track procedure didn't violate any European antitrust rules, because Japanese chip makers kept the cost data individually and separately.

The EU last March approved a similar fast track antidumping agreement on DRAMs between the European and Korean chip industries.

The latest ruling follows earlier EU action that turned down a petition from EECA to launch a new DRAM dumping investigation against Korean chip makers, as previously reported.

The EU said that singling out the Koreans might be discrimination, since Japanese firms might also be accused of DRAM dumping. The EU told EECA that it might consider a new petition if both Korea and Japan were included.

ebnews.com
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