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Infineon To Pay $160 Million For Fixing RAM Prices

Posted by timothy on from the long-running-saga dept.

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.

2 of 356 comments (clear)

  1. Re:Now thats fair. by Daniel · · Score: 5, Informative

    My dictionary (written circa 1911) says:

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

    Does that answer the question?

    Daniel

    --
    Hurry up and jump on the individualist bandwagon!
  2. Re:The $160 million dollar tax question... by Martin+Blank · · Score: 5, Informative

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

    --
    You can never go home again... but I guess you can shop there.