News in brief

Punitive tariffs sought against Hynix

TOKYO: Elpida Memory Inc, a joint venture between Hitachi Ltd and NEC Corp, and four Taiwanese memory chipmakers, including Nanya Technology Corp, have decided to urge their respective governments to impose countervailing duties on the DRAM products of South Korea's Hynix Semiconductor Inc, the Nihon Keizai Shimbun reported, without citing sources. 

Claiming that Hynix is receiving illegal subsidies in the form of loans from banks partly owned by the South Korean government, the five companies would seek countervailing duties that would neutralise Hynix's pricing advantage, it said. – AFX