Wednesday, November 26, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
HP Reports Fiscal 2014 Full-Year and Fourth Quarter Results
Hitachi Wearable Device Monitors Brain Functions
Hitachi Technology Stores Digital Data In 100 Recording Layers, Data Can be Stored For 300 million Years
Sony To Provide Refunds To Users Over Misleading Ads For PlayStation Vita
Blu-ray Movie Discs Used As Templates For Improving Solar Cell Performance
PC Outlook Remains Cautious
Trade Your iPhone for BlackBerry Passport And Get $550
GreatFire.org Unblocks BBC Chinese
Active Discussions
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
 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 Reports Record Profit
SK Hynix Develops High Density 16GB NVDIMM
SK hynix Develops The Fastest Mobile DRAM
SK Hynix Says Chip Sales Remain Slow
Micron, SK Hynix May Invest In Taiwan SSD Controller Companies
MediaTek, SK Hynix, AMD, and Micron Sales Surge in 1Q14
SK Hynix Develops First 128GB Module Built On 8Gb DDR4
Toshiba Sues SK Hynix For Leaking NAND Technology IP
SK Hynix To Develop Its Own eMMC Controllers
Samsung, SK hynix Develop LPDDR4 Chips
SK hynix To Work With On TSV Chips: report
SK Hynix Starts Mass Production of 16nm NAND Flash

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .