SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Applied Materials
AMAT 268.72+1.3%Dec 3 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Sun Tzu who wrote (30572)5/25/1999 11:42:00 AM
From: Robert O  Read Replies (2) of 70976
 
Don't forget about the alleged 'invisible' hand driving that inefficient market either. Ask the big auto makers if it helps when Uncle S. is on your side. Looks like MU didn't get the big, new prosthetic HAND hoped for.

ING Baring Furman Selz said Tuesday it lowered its rating on Micron Technology Inc. to a sell from a hold for now, based, in part, on possibly lower than expected anti-dumping duties imposed by the U.S. Department of Commerce on Taiwanese DRAM memory chips.

(my note: I thought a Hold was a Sell!)
...

The U.S. Commerce Department found on Monday that Taiwan makers had sold DRAM chips at below fair value in U.S. markets. It vowed to impose punitive import duties on Taiwan DRAM exports by October or November, pending further investigation, local media said.

Taiwan manufacturers said they were not surprised by the U.S. ruling and played down the impact, saying their presence in the United States was not particularly significant.

U.S. DRAM manufacturers led by Micron Technology Inc (NYSE:MU - news) filed a complaint in the United States in 1998 alleging dumping by Taiwan makers. The U.S. International Trade Commission elected in December to pursue the allegations.

Taiwan manufacturers filed a countercomplaint with Taiwan authorities in April, naming Micron and the U.S. affiliates of two South Korean microchip giants -- Samsung Electronics Co Ltd and Hyundai .

Analysts say Taiwan's DRAM exports to the United States are worth about T$60 billion a year, or about US$1.83 billion.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News