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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (9145)	3/26/2003 1:36:55 AM
From: StanX Long	Read Replies (2) \| Respond to of 95645

Hynix braces for 35% tariff on DRAMs By Jack Robertson EBN (03/25/03 07:26 a.m. EST) siliconstrategies.com Hynix Semiconductor Inc. is taking steps to cope with a 35 percent duty that may soon be imposed against the chipmaker for allegedly illegal subsidies from the Korean government, an official told EBN Monday (March 24, 2003). Faqrhad Tabrizi, vice president of worldwide memory marketing at Hynix, said the European Commission (EC) had notified member countries that it will make its preliminary decision public at the end of April. He confirmed early reports that the EC administrative body indicated that ruling would levy 35% penalty duties on Hynix DRAMs. He said if the EC preliminary ruling imposes the DRAM duties, Hynix has several options to continue to ship its DRAMs to European OEMs and system firms. Tabrizi said Hynix would ship DRAMs to contract manufacturers in other parts of the world who make products for European system makers, which he said would not be covered by the EC-levied penalty tariffs. He also said Hynix could ship DRAMs to Europe from its U.S. fab in Eugene, Ore., which wasn't a part of the European countervailing duty probe. In addition to the Europe probe of government subsidies to Hynix, the Korean chipmaker faces a separate countervailing duty case in the U.S. on a similar complaint lodged by Micron Technology Inc. at the Commerce Department and International Trade Commission. The Commerce Department is slated to make its preliminary ruling at the end of March.