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."

Comments

Re:400M goes to who?

[bloodhawk]

ummm you honestly believe that the EU would reduce its taxing simply because they got some juicy fines in there coffers?

I have a bridge I would like to offer you at a very competitive price.