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Samsung Settles DRAM Suit for $300M

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SAN JOSE, Calif., Oct. 13 -- Samsung Electronics Company Ltd. (Samsung), a Korean manufacturer of dynamic random access memory (DRAM) and its US subsidiary, Samsung Semiconductor Inc., have agreed to plead guilty and to pay a $300 million fine for participating in an international conspiracy to fix prices in the DRAM market, the Department of Justice announced today. Samsung’s fine is the second largest criminal antitrust fine in US history and the largest criminal fine since 1999, according to the department. DRAM is the most commonly used semiconductor memory product, providing high-speed...Read full article

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