News
 

Bookmark and Share

(1) 

The World Trade Organization ruled that tariffs slapped on DRAM from Hynix Semiconductor by the USA and the European Union are illegal, as both did not provide enough evidence that Hynix had been unlawfully subsidized by the South Korean government.

Last week the WTO said EU could not prove that the loans Hynix received from S. Korean banks were actually illegal subsidies from the government. Earlier the WTO ruled against the USA, who also imposed tariffs over Hynix’s memory made in Korea accusing the memory maker of illegitimate aid from the country’s authorities. The USA Department of Commerce is appealing, the EU Commission has 30 days to apply for appealation.

The EU Commission and the US Department of Commerce found Hynix Semiconductor guilty in getting illegitimate financial support from its creditors that were said to be controlled by the Korean government as well as numerous other kinds of financial assist.

In the first half of 2003 the USA and the European Union imposed definitive anti-dumping duties on shipments of Hynix DRAM products in the EU and the USA. The US Department of Commerce slapped 44.71% on imported DRAMs from Hynix Semiconductor, the EU Commission taxes the memory maker with 34.8% tariff. Both duties became effective in Summer 2003.

The World Trade Organization initiated the investigation of the legality of countervailing duties imposed by the USA and the EU in 2003 on production of Hynix Semiconductor in early 2004. The probe was requested by the Korean government, who opposes punitive tariffs and rulings against Hynix.

It was indicated that in case the WTO discovers Hynix was not guilty, the US and EU would have to dismiss the punitive customs and return Hynix already paid tariffs.

Discussion

Comments currently: 1
Discussion started: 03/21/05 06:40:08 AM
Latest comment: 03/21/05 06:40:08 AM

Add your Comment




Related news

Latest News

Tuesday, July 15, 2014

6:11 am | Apple Teams Up with IBM to Make iPhone and iPad Ultimate Tools for Businesses and Enterprises. IBM to Sell Business-Optimized iPhone and iPad Devices

Monday, July 14, 2014

6:01 am | IBM to Invest $3 Billion In Research of Next-Gen Chips, Process Technologies. IBM to Fund Development of 7nm and Below Process Technologies, Help to Create Post-Silicon Future

5:58 am | Intel Postpones Launch of High-End “Broadwell-K” Processors to July – September, 2015. High-End Core i “Broadwell” Processors Scheduled to Arrive in Q3 2015

5:50 am | Intel Delays Introduction of Core M “Broadwell” Processors Further. Low-Power Broadwell Chips Due in Late 2014

Wednesday, July 9, 2014

4:04 pm | Intel Readies New Quark “Dublin Bay” Microprocessors. Intel’s “Dublin Bay” Chips Due in 2015