KEMET Announces Its Tantalum Capacitors No Longer Subject to Chinese Tariffs

Source: Kemet news

FORT LAUDERDALE, Fla., July 15, 2019 (GLOBE NEWSWIRE) — KEMET Corporation (NYSE: KEM), a leading global supplier of electronic components, announced today that its request to have Tantalum Polymer capacitors excluded from the Section 301 Chinese tariffs has been approved by the U.S. Trade Representative.

Effective immediately, Tantalum Polymer capacitors (tantalum capacitors having a conductive polymer cathode, as further described in U.S. Harmonized Tariff Schedule 8532.21.0050) will no longer be subject to the special 25% tariff on Chinese imports.

As the world’s leading producer of tantalum polymer capacitors, the Company is the only vertically integrated, diversified, conflict-free tantalum supplier in the electronics industry. These electronic components uniquely address the requirements and new challenges presented by megatrend applications in automotive Advanced Driver Assistance Systems (ADAS), autonomous driving and in digitalization uses such as supercomputing, mobility services, connectivity and infotainment.

William M. Lowe Jr., KEMET Chief Executive Officer, stated, “We are very pleased that our request to have our Tantalum Polymer capacitors exempt from the tariffs has been accepted. Although we are just one part of the tech space supply chain, our ability to provide tantalum polymer capacitors without increased cost is a benefit to both our customers and ultimately the consumer.”