US ITC confirms duties on Korean DRAM

Hynix Semiconductor will be hit with countervailing duties on its imports to the United States, after the US International Trade Commission confirmed an earlier decision that the Korean government had unfairly subsidized DRAM production.

The ruling covers both assembled and unassembled DRAM products from Korea, including memory modules containing Korean DRAM.

The ruling follows an April decision by the US Department of Commerce that the Korean government, via government-controlled banks, unfairly subsidized exports of DRAM between January 1, 2001 and June 30, 2002 by up to 57.37%. The investigation was prompted by complaints from US DRAM vendor Micron Technology Inc.

Yesterday’s decision means the US Department of Commerce can issue a countervailing duty order on DRAM imports from Korea. The duty rate is expected to be around 44.29%.

In a statement, Steve Appleton, Micron chairman, CEO, and president said in a statement: These actions validate that Hynix received billions of dollars in illegal subsidies, reaffirms that free trade must also be fair trade, and demonstrates our government’s commitment to enforce trade laws.

Hynix was unavailable for comment.

Source: Computerwire

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