Sunday, December 04, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple Sent Letter NHTSA Asking About Autonomous Vehicle Guidelines
Apple Blames Battery For Random iPhone 6s Shutdowns
Microsoft Stores Reveal Xbox Discounts And Offers
Researcher Bypasses The iOS Activation Lock
Facebook To Offer $20 million To Improve Silicon Valley Communities
Xiaomi Launches Voice -controller Mi Wi-Fi Speaker
Xiaomi "Denies" Mi MIX Nano Existence
Nokia D1C Specs Leak
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Hynix A...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, April 08, 2008
Hynix Applauds European Commission Move to Lift Countervailing Duties on Hynix DRAMs


On April 7th, 2008 the Council of the European Union formally adopted a decision to lift countervailing duties on imports of dynamic random access memory chips from Korea manufactured by Hynix Semiconductor Inc.

Hynix management greeted the Council?s action with praise and a degree of vindication.

"We commend the Council for taking the right course of action in this matter," said Min Goo Choi, a Senior Vice President at the company. "For five years Hynix and the Government of Korea have fought the imposition of these duties before the European Commission and at the World Trade Organization and we are happy that we have finally secured their just termination," he added.

In 2003 the Council determined that the Government of Korea had illegally subsidized Hynix by allegedly directing banks to engage in a non-commercial financial restructuring of the company. The Council?s decision was overturned by the World Trade Organization in 2005 and Hynix continued to press its case within the European court and before the European Commission.

As importantly, during this time, Hynix?s financial performance dramatically improved. Hynix?s stock price increased by nearly 514% percent over the 2003 ? 2007 period and the company re-emerged as an industry leader. Restructured debt was repaid early and Hynix creditors made substantial returns on debt they converted to equity. Mr. Choi stated that "Hynix?s strong performance and return on investment over the 2003-2007 period demonstrates the sound commercial judgment of Hynix creditors back in 2001 and 2002 when they agreed to restructure Hynix debt. There was no government interference, just a wise business decision."

With no justification for continued imposition, the Council agreed to lift the countervailing duties, retroactively effective from December 31st 2007.


Previous
Next
New Software Features Simple Video Editing and DVD Authoring        All News        Mitsubishi Highlights Include New DLP and LCD HDTV Enhancements and Laser TVs
Yahoo's Flickr Expands Into Online Video     General Computing News      Windows 7 Coming 'in the next year or so'

Get RSS feed Easy Print E-Mail this Message

Related News
SK hynix To Start Mass Production Of 48-layer 3D-NAND Chips
Samsung, SK Hynix Announce Fund For Semiconductor-related Companies
SK Hynix Profit Beats Estimates
SK Hynix to Expand Production Of Image Sensors At New 300mm Factories
SK Hynix Challenges Samsung With Mass Production Of UFS 2.1 3D Memory Solution
SK Hynix to Promote Its MDS Technology
SK Hynix To Reduce Investments In Memory Chips
SK Hynix Starts Mass Production Of 3D NAND Memory
SK Hynix to Proceed With Development Of 10nm DRAM
18nm DRAM Coming Next Year
Samsung, Sk Hynix To Present HBM2 DRAM Development
SK Hynix Rejects Chinese Take-over Offer

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .