Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: John Rieman who wrote (30455)	3/7/1998 10:39:00 AM
From: BillyG	Read Replies (1) \| Respond to of 50808

Help for non-Asian chipmakers via the IMF? I probably should say help for non-Korean chipmakers................. techweb.cmp.com A service of Semiconductor Business News, CMP Media Inc. Story posted at 5:30 p.m. EST/2:30 p.m. PST, 3/6/98 House bill aims to block IMF aid to chip makers By Jack Robertson WASHINGTON -- U.S. chip makers this week got some legislative help in their campaign to keep any part of the International Monetary Fund bailout from helping rescue foreign competitors--such as Korean semiconductor suppliers. The House Banking Committee included a specific clause in a bill for $18 billion in additional IMF funding to keep money from bailing out foreign semiconductor companies. Under the legislation, the U.S. Treasury and Commerce Departments would be required to file a joint biannual report on foreign country compliance with reforms mandated as part of any IMF loans. The bill now goes to the House Appropriations Committee, and ultimately to the Senate, which last year shuttled any additional IMF funding.