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Samsung Admits Guilt, Fined $300M in DRAM Price-Fixing Suit

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SAN JOSE, Calif., Dec. 1 -- In the culmination of an agreement reached in October, Samsung Electronics Company Ltd. (Samsung), a Korean manufacturer of dynamic random access memory (DRAM) and its US subsidiary, Samsung Semiconductor Inc., pleaded guilty in US District Court on Wednesday to charges of participating in an international conspiracy to fix prices in the DRAM market and were fined $300 million. The fine, to be paid with interest in installments over the next five years, is the second-largest criminal antitrust fine in US history and the largest criminal fine since 1999, according...Read full article

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    Published: December 2005
    $300 millionchip makersCommunicationscriminalDellDepartment of JusticeDRAMguiltyHynixInfineonIntelmemoryNews & Featuresprice fixingRambusrandom accessSamsungSamsung Semiconductor

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