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

To: Return to Sender who wrote (9224)	4/1/2003 7:19:26 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95640

US Says South Korean Semiconductors Unfairly Subsidized Tuesday April 1, 6:43 pm ET biz.yahoo.com (This item originally ran around 1946 GMT Tuesday) WASHINGTON -(Dow Jones)- The U.S. Commerce Department Tuesday said certain semiconductors imported from South Korea are unfairly subsidized, and set penalty tariffs ranging from 0.16% to 57.37%. The widely expected preliminary ruling means that importers of dynamic random access memory, or DRAMs, must post bonds to cover potential tariffs as the investigation continues. The decision is a victory for Micron Technology , the Boise, Idaho-based company which filed the complaint. Micron argued that government-led bailouts worth at least $10 billion for South Korean Hynix Semiconductor Inc. amounted to a subsidy illegal under international trade rules. Hynix products are subject to the maximum tariff, while imports from Samsung Electronics Co. face the minimum rate. The Commerce Department said it would now consider comments on the preliminary decision, and expects to issue a final ruling June 16. Then the case would move to the U.S. International Trade Commission, which must determine that U.S. manufacturers are suffering financial harm because of the subsidy, before the penalties could be imposed. The decision foreshadows a ruling by the European Union (News - Websites), expected next month, where a similar complaint against Hynix was filed. The South Korean government has so far been vigorously trying to dissuade Washington from ruling against the chipmakers, also fearing that it might adversely affect similar trade disputes with Europe, such as those over the Korean shipbuilding and livestock disputes. -By Elizabeth Price, Dow Jones Newswires; 202-862-9295; Elizabeth.Price@dowjones.com