Friday, October 14, 2005

Samsung Is the Third DRAM Manufacturer to Plead Guilty to an Antitrust Violation

Samsung Electronics agreed to plead guilty to a charge of fixing prices in the Dynamic Random Access Memory (DRAM) chip market, and will pay a $300 million fine.  The Korean manufacturer and its U.S. subsidiary will pay the second largest antitrust fine in history.  Samsung is the third DRAM chip manufacturer to plead guilty to price-fixing charges, joining Hynix Semiconductor (Korea), which paid a $185 million fine, and Infineon Technologies (Germany), which paid a $160 million fine.  A Department of Justice press release (here) discusses the guilty plea. (ph)

http://lawprofessors.typepad.com/whitecollarcrime_blog/2005/10/samsung_is_the_.html

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