Friday, October 14, 2005

Fri - Samsung latest caught in price-fixing conspiracy

Samsung Electronics, the world's 2nd largest chipmaker, has agreed to pay a $300M fine, making it the latest in a string of companies to be fined in the US Justice Department's probe into an international price-fixing conspiracy.

The price fixing occured between 1999 and 2002 and centres upon the market for D-Rams, used in products from computers to electronic games.

Samsung has been singled out as a leader in the conspiracy, but others already fined include Hynix Semiconductor of S Korea and Germany's Infineon. Micron, another chip maker is currently negotiating with the US Justice Department.

No comments: