Feeds

Infineon pleads guilty to memory price-fixing

Nailed for $160m

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Infineon has agreed to pay a $160m fine to the US government for fixing the price of computer memory from 1999 to 2002, one of the biggest ever penalties imposed by the DoJ's Antitrust division. The German firm today announced that it has pled guilty to one count of price-fixing - a violation of US antitrust laws. It plans to pay off the $160m total in equal installments through 2009, it said in conjunction with the US Department of Justice (DoJ).

"The wrongdoing charged by the DoJ was limited to certain OEM customers," Infineon said. "Infineon is already been in contact with these customers and has achieved or is in the process of achieving settlements with all of these OEM customers."

The major memory makers - Samsung, Hynix, Micron and Infineon - have all been under investigation for artificially pumping up the price of DRAM. PC makers, most notably Dell, were outspoken about their concerns around memory costs. Dell Chairman Michael Dell referred to the memory makers as a cartel.

The companies were suspected of holding secret meetings to discuss pricing plans.

"According to the one-count felony charge filed today in the U.S. District Court in San Francisco, from July 1, 1999 to June 15, 2002, Infineon conspired with unnamed DRAM manufacturers to fix the prices of DRAM sold to certain computer and server manufacturers," the DoJ said. "Under the plea agreement, which must be approved by the court, Infineon has agreed to cooperate with the government in its ongoing investigation of other DRAM producers."

Infineon has received the third largest criminal fine in the history of the Antitrust Division. ®

Related stories

Elpida, Micron ask Japan to take Hynix to task
Infineon shortlists two CEO candidates
Memory makers hit by price-fixing claims
Samsung damns DRAM price-fixing charge

Providing a secure and efficient Helpdesk

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
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?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.