Infineon To Pay $160 Million For Fixing RAM Prices

Jerrod K writes "Infineon Technologies pleaded guilty to charges of price fixing in an international conspiracy. The Justice Department said this is the third largest antitrust settlement ever. Other memory chip makers involved include Hynix, Samsung, and Micron Technology." Reader phalse phace adds a link to CNET's coverage.

Comments

Re:Correct the %^&$# summary!

[nuclear305]

If you were to actually pay closer attention to TFA, You'd have noticed the related articles linked at the bottom. More specifically this

"The case centres on allegations that between the end of 2001 and mid-2002, Samsung, Hynix, Micron, Infineon and others covertly agreed to up prices. The alleged jump in prices followed a two-year slump in demand that drove most memory production lines into operating at a loss."

They may not have been named in the settlement, but they certainly have been named at one point or another.

Re:Now thats fair.

[Daniel]

My dictionary (written circa 1911) says:

CORPORATION, n. An ingenious device for obtaining individual profit without individual responsibility.

Does that answer the question?

Daniel

Re:The $160 million dollar tax question...

[Martin Blank]

It's a fine, not a settlement. They're expected to cut a check for the amount to the government, not reimburse consumers.