Feeds

Memory makers hit by price-fixing claims

US investigation to lead to criminal charges, says paper

  • alert
  • submit to reddit

The DRAMurai - the world's leading memory makers - have been accused of running a price-fixing cartel

And, according to the Wall Street Journal yesterday, a US Justice Department investigation into the anti-trust claims is nearing its conclusion. The report claims that the DoJ has evidence that the major memory companies regularly met and discussed each others' pricing plans.

The report cites lawyers close to the case, who said that some companies are facing criminal charges, while others are seeking to trade admissions of guilt for reduced sentences, such as a fine.

The case centres on allegations that between the end of 2001 and mid-2002, Samsung, Hynix, Micron, Infineon and others covertly agreed to up prices. The alleged jump in prices followed a two-year slump in demand that drove most memory production lines into operating at a loss. ®

Whitepapers

Best practices for enterprise data
Discussing how technology providers have innovated in order to solve new challenges, creating a new framework for enterprise data.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?