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RAM Manufacturers Fined for Price Fixing

Posted by Zonk on from the coincidences-pile-up dept.

TufelKinder writes "From Law.com: 'In the largest fine ever obtained by San Francisco antitrust prosecutors, a Korean company has agreed to plead guilty and pay $185 million for its role in a conspiracy to drive up the price of computer chips.' Micron and Infineon have also been fined for their role in the scheme." From the article: "It's the third-largest fine of its kind in the United States, and it could be just a preview of even bigger penalties. The far-reaching computer chip investigation, which alleges wrongdoing from 1999 through 2002, affects thousands of consumers."

9 of 216 comments (clear)

  1. Price Fixing... by schnits0r · · Score: -1, Offtopic

    I don't care about the price fixing of RAM, when are they goign to kick the asses of the gas companies for price fixing?

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    1. Re:Price Fixing... by Lord_Slepnir · · Score: -1, Offtopic

      With this administration? About the same time George W agrees to go to the Hague for war crimes trials.

    2. Re:Price Fixing... by stinerman · · Score: -1, Offtopic

      Come on, now! Its not price fixing when 3 gas stations right next to each other have the exact same price.

      In all honesty, there is one area nearby that has daily price wars. Prices will often fluctuate up and down every 2 or 3 hours. Most other places just collude and get on with their day.

    3. Re:Price Fixing... by ZeeExSixAre · · Score: 0, Offtopic
      Don't you mean gas countries?

      Gas is not a global commodity. Only a small percentage of countries around the world hold oil beneath their surface. They (OPEC) can control the rise and fall of gas prices.

  2. The Name by Anonymous Coward · · Score: -1, Offtopic

    ... is Hynix. Why not name 'em in headline and body, Zonk?

    And why have you got "manufactureS" in that headline.

    Hie thie to the coffeemaker.

  3. Hey by PunkOfLinux · · Score: -1, Offtopic

    I agree, regulate the oil industry, not MEMORY. Not as many buy memory as buy gas. Come on.

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  4. IN SOVIET KOREA... by Anonymous Coward · · Score: -1, Offtopic

    Fines Pay YOU!

  5. Re:Your honor, I don't have that memory by Anonymous Coward · · Score: -1, Offtopic

    You're a virgin, right?

  6. Now for the Kimchi Manufacturers by derfel · · Score: 0, Offtopic

    Prices are too high. Must be fixed. I love that stuff.