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TOKYO, June 16, 2004 - Elpida Memory, Inc. (Elpida), Japan's leading global supplier of Dynamic Random Access Memory (DRAM), today announced that Elpida and Micron Japan, Ltd. (MJP) filed a petition for imposing countervailing duties on imports into Japan of DRAMs manufactured in the Republic of Korea by Hynix Semiconductor, Inc. The petition was accepted by Japan's Minister of Finance. The petition covers all types of DRAMs and modules fabricated in the Republic of Korea by Hynix Semiconductor as well as any other company who purchases Hynix DRAM and then exports that product to Japan.
Elpida Memory and MJP began investigating a countervailing duties petition last year after similar petitions filed in both the United States and the European Union created an influx of subsidized Hynix-fabricated DRAM products into the Japanese market.
About Elpida Memory, Inc.
Elpida Memory, Inc. is a manufacturer of Dynamic Random Access Memory (DRAM) with headquarters based in Tokyo, Japan, and sales and marketing operations located in Japan, North America, Europe and Asia. Elpida offers a broad range of leading-edge DRAM products. Elpida is a joint venture company formed by NEC and Hitachi on December 20, 1999 and has been in operation since April 2000.
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Information contained in this news release is current on the date of the press announcement, but may be subject to change without prior notice.
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