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Samsung Fined $90 Million for DRAM Price Fixing

Slimy   on 08 February 2007 - 17:50 · 5 comments & 2615 views

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Throughout 2006, Samsung was under heavy investigation and has recently agreed to pay $90 million USD for participating in illegal DRAM price-fixing practices. The fine is will be divided into: $80 million to be returned back to those affected by the schemes and the rest to be distributed among local and state government bodies. Such a fine isn’t new to Samsung, as in 2005 the hardware company was ordered by the U.S. Department of Justice to pay roughly $300 million USD. Samsung is one of many major DRAM companies involved in bitter court ordeals regarding business conspiracies that caused major OEMs to pay higher prices for memory and in turn affecting prices for the consumer.

Samsung was originally excluded from the list of manufacturers that faced lawsuits: Elpida Memory (Japan), Hynix Semiconductor (South Korea), Infineon Technologies AG (Germany), Micron Technology (USA), Mosel Vitelic (Taiwan), Nanya Technology Corp. (Taiwan) and NEC Electronics America (USA). Most of these companies also faced Rambus in court, a company which provided much of the key evidence against the DRAM manufacturers in terms of patent infringement. The U.S. government fined a total of $731 million USD in 2006 for DRAM price-fixing.

News source: DailyTech

Post a comment · Send to friend Comments · There are 5 additional comments
(1 reply) #1 nomis_nehc on 08 Feb 2007 - 17:58
sooo... prices will be coming down?
#1.1 MrCobra on 08 Feb 2007 - 18:47
Quote - (nomis_nehc said @ #1)
sooo... prices will be coming down?

#2 ANova on 08 Feb 2007 - 19:30
Quote -
The fine is will be divided into: $80 million to be returned back to those affected by the schemes


I didn't see any of that $300 million and I doubt I'll see any of this.
#3 8-n-1 on 08 Feb 2007 - 19:38
Quote -
The fine is will be divided into: $80 million to be returned back to those affected by the schemes and the rest to be distributed among local and state government bodies.


More like:

The fine will be divided into: $80 million will go to the lawyers in the case and the rest will be distributed among local and state government bodies.

#4 NWO_Br0THeRHo0D on 09 Feb 2007 - 03:24
Quote -
The U.S. government fined a total of $731 million USD in 2006 for DRAM price-fixing.



when do the buyers get some of that $$$

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