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

To: Skeeter Bug who wrote (45109)	4/17/1999 2:22:00 PM
From: Fabeyes	Respond to of 53903

sb - this is all I have. MU is not talking about much. Taiwan accepts counter-complaint of US DRAM-dumping REUTERS TAIPEI, April 13 — Taiwan on Tuesday agreed to investigate complaints that U.S. microchip makers dumped memory chips on the island's market, giving a boost to local manufacturers in their dispute with U.S. producers. Featured Articles and Stocks From MSN MoneyCentral The economics ministry said it accepted an anti-dumping petition filed by the Taiwan Semiconductor Industry Association on Monday on behalf of local makers of dynamic random-access memory chips, or DRAM. The complaint has not been described as such, but it clearly is an aggressive defence against a similar complaint filed with U.S. authorities by U.S. makers -- which alleges dumping by Taiwan DRAM manufacturers. The ministry said the Taiwan complaint targets U.S. DRAM maker Micron Technology Inc (NYSE:MU), which spearheaded the U.S. complaint against Taiwan in 1998. Also named are U.S. affiliates of two South Korean microchip giants -- Samsung Austin Semiconductor, a unit of Samsung Electronics Co Ltd (KS:05930), and Hyundai Electronics America, a unit of Hyundai Electronics Industries Co (KS:00660). In December, the U.S. International Trade Commission said a preliminary inquiry into Micron's complaint had found "reasonable indications" that U.S. makers were being injured by Taiwan-made DRAM and ordered a thorough probe. The U.S. commission's decision meant that the investigation into the dumping allegations probably would continue until July or August. Dumping is the sale of products at a price below fair market value, which takes manufacturing costs into consideration. A final ruling in the Taiwan complaint is expected in November, the ministry said. If the allegations are proven true, Taiwan's cabinet would have the option of levying unspecified punitive anti-dumping duties on imports of U.S. DRAM. Taiwan microchip makers said unfair competition from the United States threatened local makers' survival. Taiwan's DRAM makers include Vanguard International Semiconductor Corp (TWO:5347), Mosel Vitelic Inc (TW:2342), Nan Ya Technology Corp, Powerchip Semiconductor Corp (TWO:5346), Acer Semiconductor Manufacturing, Taiwan Semiconductor Manufacturing Corp (TW:2330), and United Microelectronics Corp (TW:2303), Winbond Electronics Corp (TW:2344).