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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."
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!
Agree - I think price-fixing is acceptable to me if it saves this over-competitive industry.