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Technology Stocks : Taiwan Semiconductor (NYSE: TSM)
TSM 289.97+1.9%Nov 26 3:59 PM EST
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To: tom who wrote (503)5/27/1999 10:01:00 PM
From: Allen champ  Read Replies (1) of 684
 
From The Register Posted 27/05/99 5:17pm by Mike Magee

Taiwan evades US sanctions

Taiwanese chip company Vanguard, reeling from a US decision earlier this week
which imposed swingeing sanctions, has come up with a cunning plan to avoid further
Micron suits.

But, in the process, the European Union could be hit by the US trade department.

According to sources close to Vanguard Taipei, the company will ship its production
to Europe, to avoid the American tariffs.

This could lead to a reprise of the so-called Banana War. The European Union and
the USA are currently disputing beef tariffs.

Three weeks ago, the EU disappointed Caribbean states, including Jamaica and
Trinidad, by bowing down to US dictats. ®
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