Hynix slapped with 57% import duties

EBN - - Hynix slapped with 57% import duties
Buy your memory today, or tomorrow...Should cause across the board prices increases. hynix has been hurting Micron etc.

The U.S. Commerce Department on Tuesday announced its preliminary ruling to impose a 57.37% countervailing duty on imported DRAMs of Hynix Semiconductor Co. because of illegal Korean government subsidies to the chipmaker.

As soon as the decision is published in the Federal Record this week, Hynix must begin posting a bond or make deposits for the extra 57.37% tariff on all subsequent DRAM imports into the U.S. Analysts noted this effectively closes down further Hynix DRAM exports to this country.