Samsung Fined $300 Million for DRAM Price Fixing
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South Korean chip and electronics maker Samsung will plead guilty to allegations of price fixing and pay a fine of $300 million in a pact reached with the Justice Department. This doesn’t come as a big shock since other DRAM companies have already paid their fines.
Samsung’s plea and fine resulted from a government probe of dynamic random access memory chip makers. Other DRAM companies, South Korea’s Hynix and Germany’s Infineon, have already paid fines. The U.S. government said the companies had conspired over a roughly three-year period ending in June 2002 to fix the prices of memory chips.
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