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Article #75Commerce Dept FAX, why Simms skyrocketed.
From: eyring
Date: Sat, 31 Oct 1992 20:40
Date: Sat, 31 Oct 1992 20:40
72 lines
2986 bytes
2986 bytes
Below is the text of the Commerce Department's determination which resulted in the recent price jump in simms. Oct. 22, 92 United States Department of Commerce News Washington, D.C. 20230 ITA 92-76 Contact: Mark A. Miner (202) 482-3808 PRELIMINARY DETERMINATION: KOREA DUMPS DYNAMIC RANDOM ACCESS MEMORY SEMICONDUCTORS IN U.S. FOR IMMEDIATE RELEASE The Commerce Department today announced its preliminary determination that dynamic random access memory semiconductors (DRAMs) from the Republic of Korea are being sold in the United States at less than fair value. Commerce also announced the postponement of its final determination until not later than 135 days after the publication of the preliminary determination in the Federal Register. The products covered in this investigation are all DRAMs one megabit and above, whether assembled or unassembled. Assembled DRAMs include all package types. Unassembled DRAMs include processed wafers, uncut die and cut die. Porcessed wafers produced in Korea but packaged in a third country are included in the investigation, however, wafers produced in a third country and assembled or packaged in Korea are excluded. The estimated, weighted-average dumping margin for the Republic of Korea are: Goldstar Electron Co., Ltd. and Goldstar Electron America 52.41 percent Hyundia Electronics Co., Ltd. and Hyundai Electronics America 5.99 percent Samsung Electronics Co., Ltd. and Samsung Semiconductor, Inc. 87.40 percent All others 61.88 percent Antidumping duties are assessed on imports with an unfair price advantage over comparable comestic products. As a result of the preliminary finding, U.S. Customs Service will require a cash deposit or bond equal to the estimated weighted-average dumping margin on DRAMs from the Republic of Korea. The Commerce Department is expected to make its final determination in March 1993. If it is affirmative, the International Trade Commission (ITC) will have 45 days to determine whether the imports materially injure, or threaten injury to, the U.S. industry. If the ITC's finding is affirmation, the Commerce Department will issue an order instructiong the U.S. Customs Service to collect antidumping duties. This investigation began April 22 when the Department received a petition from Micron Technology, Inc. Imports of DRAMs from the Republic of Korea were valued at $446 million in 1991.
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Path: arc1-ca.pugleaf.net!sparky!uunet!olivea!charnel!rat!usc!cs.utexas.edu!sun-barr!ames!agate!dog.ee.lbl.gov!hellgate.utah.edu!fcom.cc.utah.edu!cc.utah.edu!eyring From: eyring@cc.utah.edu Newsgroups: comp.sys.sun.hardware,misc.forsale.computers.d Subject: Commerce Dept FAX, why Simms skyrocketed. Message-ID: <1992Oct31.144034.1@cc.utah.edu> Date: 31 Oct 92 20:40:34 GMT Sender: news@fcom.cc.utah.edu Organization: University of Utah Computer Center Lines: 72