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To: Skeeter Bug who wrote (49259)	10/14/1999 12:57:00 AM
From: DJBEINO	Respond to of 53903

U.S. hikes anti-dumping duties on Taiwan DRAMs TAIPEI, Oct 14 (Reuters) - The U.S. Commerce Department overnight affirmed that Taiwan was dumping dynamic random-access memory (DRAM) chips in the U.S. market and would hike proposed import duties to an average of 21.35 percent from 16.65 percent, local newspapers said on Thursday. In May, the department initially set the import duties averaging 16.65 percent. The department investigated four Taiwan DRAM makers and hiked duties on Mosel Vitelic to 35.58 percent from 30.89 percent, Nan Ya Technology to 14.18 percent from 9.03 percent, and Etron Technology to 69 percent from 4.96 percent, the papers said. It lowered import duties on Vanguard International Semiconductor to 8.21 percent from 10.36 percent. The department would impose the same average of 21.35 percent duties on nine other Taiwan microchip makers, including Taiwan Semiconductor , United Microelectronics and Winbond Electronics , the papers said. The U.S. International Trade Commission is expected to make a final decision in the case in late November, the papers said. Brokers said imposition of punitive U.S. duties would hurt Taiwan's electronics sector, the most heavily weighted component of the benchmark index, but said the Taiwan stock market should have discounted most of the factor. ''Although the U.S. side hikes the anti-dumping tax -- a negative factor, the Taiwan market should have already digested most of (it),'' said Hsieh Chih-mao, deputy trading manager at Ting Kong Securities. ''Most Taiwan makers affected by the move already have said they will take measures to reduce the impact to the minimum. The actural impact to them is believed to be limited,'' Hsieh. Taiwan is a major, growing exporter of DRAM chips and its manufacturers recently filed a countercomplaint with Taiwan authorities, alleging dumping in Taiwan by U.S. makers. Taiwan's DRAM exports to the United States are worth around around T$60 billion a year, said Beyond Asset Management president Michael On. Taiwan's microchip production totalled some T$400 billion in 1998, of which T$100 billion were for U.S. exports, On said. (US$=T$31.8) biz.yahoo.com