Hyundai Electronics America Cleared of SRAM Dumping Charges by ITC

Strategic Insights -

Hyundai Electronics America (HEA) has been cleared by the International Trade Commission (ITC) of charges of dumping SRAMs (static random-access memory) in the US market. The ITC's ruling is a significant victory for the company, which had faced duties of 50.58% and 7.59% respectively from two US-based fabless companies with ties to Asian foundries. This decision comes after the Commerce Department had applied duties on Hyundai and several South Korean and Taiwanese SRAM makers in February.

Key Takeaways:

  • The ITC has cleared Hyundai Electronics America of charges of dumping SRAMs in the US market.
  • The ruling is a significant victory for the company, which had faced duties of 50.58% and 7.59% respectively from two US-based fabless companies with ties to Asian foundries.
  • The decision comes after the Commerce Department had applied duties on Hyundai and several South Korean and Taiwanese SRAM makers in February.
  • Hyundai Electronics America's vice president of marketing, Mark Ellsberry, expressed confidence that the company would also be exonerated of accusations of dumping DRAMs by the time the Department of Commerce finished its reviews.
  • Hyundai Electronics America is a US subsidiary of Hyundai Electronics Industries Co. Ltd. (HEI), of Seoul Korea, and is an industry leader in the development, sales, marketing, and distribution of electronic devices.
  • The company represents a wide variety of product areas, including memory and logic types of semiconductors, mass storage systems, computer systems, liquid crystal display, monitors, multimedia and digital video system, and communications systems.

Statistics:

  • 50.58%: The duty rate applied to one of the two US-based fabless companies with ties to Asian foundries.
  • 7.59%: The duty rate applied to the other US-based fabless company with ties to Asian foundries.
  • February: The month in which the Commerce Department applied duties on Hyundai and several South Korean and Taiwanese SRAM makers.
  • 1998: The year in which Hyundai Electronics America was cleared of SRAM dumping charges by the ITC.

Sources:

  • Business Wire, "Hyundai Electronics America Cleared of SRAM Dumping Charges by ITC", April 8, 1998
  • Hyundai Electronics America press release, "ITC Determines That Hyundai Is Innocent of Charges of Dumping SRAMs"