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Nine Chip Makers Fined $400M In EU For Price Fixing
eldavojohn writes "In a disturbing case for average consumers, nine DRAM chip manufacturers have been fined more than $400 million for price fixing. The named companies are Samsung, Hynix, Infineon, NEC, Hitachi, Mitsubishi, Toshiba, Elpida, and Nanya. A tenth company, Micron, avoided fines by reporting the other nine to the authorities. Since all companies cooperated with the probe, they received a 10% reduction in fines, so it could have been worse. The US DoJ has had its own history with chip makers and LCD makers in price fixing scandals."
RingTFA now. This seems to be the same one, they just finished up the investigation.
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Of course, the gov't will reduce our taxes by the $400 million...
Hahaha, I knew I couldn't write that with a straight face!
Sleep your way to a whiter smile...date a dentist!
Consumers around the world will be paying more for their DRAM chips, but EU citizens will be getting more services or paying less in taxes because the coffers of a nation are fed, so it kinda cancels out for consumers (non-EU nations of course should fine these companies too if they haven't already to be in the same situation).
That damn Marxist, communist, fascist EU fines perfectly good companies for no reason.
Luckily good ole US of A well let companies do their business without intervention. The market will sort out the price fixing.
Agree - I think price-fixing is acceptable to me if it saves this over-competitive industry.
What's this dollar you mention?
It's the currency that just went up in relation to the Euro....
$400M CAD... isn't that all of them?