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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: Yogizuna who wrote (51733)	9/3/2000 5:29:35 PM
From: DJBEINO	Read Replies (2) \| Respond to of 53903

U.S. scraps dumping charge against Taiwan-made SRAM Taipei, Aug. 31, 2000 (CENS)--The U.S. Court of International Trade (CIT) on Aug. 30 affirmed the judgement made by the U.S. International Trade Commission (ITC) that Taiwanese manufacturers did not dump their SRAM (static random access memory) in the U.S. market. According to the Taiwan Semiconductor Industry Association (TSIA), the American semiconductor manufacturer Micron Tech accused many Taiwanese manufacturers of dumping SRAM in the U.S. two years ago. The ITC, based on its investigation, made an initial judgement to support Micron Tech's dumping charge. The TSIA, on behalf of the accused Taiwanese SRAM makers, appealed to the ITC twice. The ITC maintained its initial judgement in response to the first appeal, but reversed the judgement in reply to the second in June this year, making its final decision that Taiwan-made SRAM had not hurt the American industry. The ITC then referred its final judgement to the CIT for final arbitration at the end of June. Both Micron Tech and the TSIA submitted documented explanations in July, with the former asking for a public hearing on the ITC's final judgement. Since Micron Tech could not provide relevant evidence at the public hearing on Aug. 22, the CIT upheld the ITC's final judgement on Aug. 30. Although Micron Tech has the last recourse by appealing to the Circular Appellate Federal Court (CAFC) in 60 days following the CIT's sentence, the TSIA thinks such a action will be in vain and would not affect the CIT's final decision. Because of the CIT's final decision, the accused Taiwanese SRAM makers can take back the temporary antidumping tax that has been paid since the ITC's initial judgement.