The International Trade Administration issued Federal Register notices on its recently initiated antidumping and countervailing duty investigations on drawn stainless steel sinks from China (A-570-983 and C-570-984, respectively). The ITA will determine whether imports of stainless steel sinks from China are being, or are likely to be, sold in the U.S. at less than fair value, and whether manufacturers, producers, or exporters of stainless steel sinks from China receive countervailable subsidies.
Intel achieved its largest annual global market share in more than 10 years in 2011, “fueled by strong sales growth in its core chip businesses -- and boosted by” the purchase of Infineon’s wireless business division, according to IHS iSuppli data. Intel’s overall semiconductor market share grew to 15.6 percent from 13.1 percent in 2010, the research company said. That was the highest share for Intel going back to at least 2001, when it reached 14.9 percent, IHS said. Intel’s share over the past five years ranged from 11.9 to 13.9 percent. Its 2011 growth was “spurred by soaring demand for its PC-oriented microprocessors,” and for NAND flash memory used in consumer and wireless products, said Dale Ford, IHS head of electronics and semiconductor research. The growth “helped it to stave off the rising challenge mounted by No. 2 semiconductor supplier” Samsung Electronics, which he said “had been whittling away at Intel’s lead in recent years.” The 20.6 percent rise in revenue that Intel saw in 2011 “outpaced every other semiconductor supplier” in the top 20 except for Qualcomm and ON Semiconductor, both of which also saw “high levels of growth based on a combination of organic expansion and key acquisitions,” IHS said. Until 2011, Samsung was “steadily closing the gap with Intel,” with its share of global semiconductor market revenue rising from 3.9 percent in 2000 to 9.2 percent in 2010, IHS said. Samsung’s 2011 revenue growth of 0.6 percent left its share unchanged at 9.2 percent. Texas Instruments inched up one to No. 3, with 4.5 percent share, switching places with Toshiba, with 4.1 percent. The total global semiconductor market grew 1.3 percent in 2011, down slightly from IHS’s preliminary estimate of 1.9 percent growth, it said. A 5.9 percent decline in Q4 from Q3 “pulled the full-year results down,” it said. Qualcomm’s 41.6 percent revenue growth boosted it to No. 6 in 2011, up from No. 9 in 2010. That surge gave Qualcomm 3.3 percent market share in 2011, putting it close behind No. 5 Renesas Electronics, with 3.4 percent share. ON Semiconductor also had a major jump in market position, to No. 18 from No. 26, the biggest climb in the rankings by a top-25 company, IHS said. Nichia made “great strides” in 2011, too, with growth in its LED business that IHS said “resulted in a growth increase of 34.1 percent and a move up” to No. 23. Underscoring “the weakness of the semiconductor market” last year, IHS said only 52.6 percent of the 302 chip suppliers it tracked reported that revenue increased. Micron Technology dipped one to No. 9, with 2.4 percent share. Advanced Micro Devices inched up one to No. 11, with 2.1 percent share. Sony also inched up one, to No. 13, with 1.6 percent share. Panasonic fell five to No. 20, with 1.1 percent share. Companies based in the Americas had the largest improvement in semiconductor revenues among all regions, at 7.5 percent growth. Revenue fell 7.2 percent for Japanese companies, due to impact from the 2011 earthquake, IHS said.
The International Trade Administration is publishing notices in the March 26 Federal Register on the following AD/CV proceedings (any notices that announce changes to AD/CV duty rates, the scope, affected firms, or effective dates will be detailed in another ITT article):
The International Trade Administration issued its final affirmative antidumping duty determination on stilbenic optical brightening agents from China (A-570-972), which reduces the AD rates for two firms and the China-wide entity. The final determination, effective March 26, is expected to be implemented by U.S. Customs and Border Protection soon.
The International Trade Administration issued its final affirmative antidumping duty determination on bottom mount combination refrigerator-freezers from Mexico (A-201-839), which adjusts the AD rates for four exporter/manufacturers and "all-others". This final determination, which is effective March 26, is expected to be implemented by U.S. Customs and Border Protection soon.
The International Trade Administration issued its final affirmative countervailing duty determination on bottom mount combination refrigerator-freezers from Korea (C-580-866) that countervailable subsidies are being provided to producers and exporters of subject merchandise. The ITA found CV rates of de minimis to 12.9%, which are officially effective as of March 26 for all firms. U.S. Customs and Border Protection is expected to implement these CV cash deposit/bond requirements soon.
The International Trade Administration issued its final affirmative antidumping duty determination on bottom mount combination refrigerator-freezers from Korea (A-580-865), which revises the AD rates for "all-others" and all respondents except Daewoo, which maintains its zero AD rate. This final determination, which is effective March 26, is expected to be implemented by U.S. Customs and Border Protection soon.
The International Trade Administration issued its final affirmative antidumping duty determination on galvanized steel wire from Mexico (A-201-840), which reduces the AD rates for two manufacturer/exporters and "all-others". This final determination, which is effective March 26, is expected to be implemented by U.S. Customs and Border Protection soon.
The International Trade Administration has issued its final affirmative countervailing duty determination on galvanized steel wire from China (C-570-976), which reduces the CV rates for two firms and “all-others”, and increases the CV rates for two firms. As CV liquidation is no longer suspended, ITA will only require cash deposits of estimated CV duties at the revised rates if it issues a CV order.
The International Trade Administration issued its final affirmative antidumping duty determination on galvanized steel wire from China (A-570-975), which increases the AD rates for all respondents1 by 94%, and maintains the AD rate of 235% for the China-wide entity. This final determination, which is effective March 26, 2012, is expected to be implemented by U.S. Customs and Border Protection soon.