Hynix to plead guilty to DRAM price-fix charges
Four Hynix employees will do hard time and together pay $1m in fines after agreeing to plead guilty to US Department of Justice charges that they conspired to fix memory prices, the DoJ said yesterday.
D S Kim, Hynix’s General Manager, Worldwide Sales and Marketing; C K Chung, Hynix’s Director, Global Strategic Account Sales; K C Suh, Hynix’s Senior Manager, Memory Product Marketing; and C.Y. Choi, General Manager, Marketing and Sales Support for Hynix’s German subsidiary will each pay $250,000 in fines and spend eight, seven, six and five month, respectively, in prison, the DoJ said. The four executives also agreed to co-operate with the DoJ’s “ongoing” investigation into allegations that a number of memory companies, including Micron, Samsung, Elpida and Infineon, in addition to Hynix, operated a price-fixing cartel between 1 April 1999 and 15 June 2002.
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