Feeds

Samsung admits it rigged DRAM prices

Will pay $300m fine

Security for virtualized datacentres

Samsung yesterday pleaded guilty to conspiring with other memory makers to fix prices.

The plea was merely a formality - the South Korean giant coughed to the charge back in October. Then, it agreed to pay $300m to settle the case brought against it by the US Department of Justice.

In November 2001, Samsung described allegations that it and other memory makers had secretly agreed to fix DRAM prices between 1 July 1999 and 14 June 2002 as "total nonsense".

The comment was made after the DoJ began to investigate such claims. That three-year probe notched up is first victim in September 2004: Germany's Infineon admitted its culpability and agreed to pay $160m. Two months later, Micron said some of its employees had been involved, and that it was co-operating with the DoJ to avoid "prosecution, fines or other penalties".

In December 2004, just after four Infineon executives were jailed for their part in the scam, Samsung said it was putting aside $100m to help cover any fine it might be forced to pay by the DoJ.

Hynix made the same move in March 2005 - just as well, as it was fined $185m by the DoJ less than a month later. ®

New hybrid storage solutions

More from The Register

next story
Apple iPhone 6: Missing sapphire glass screen FAIL explained
They just cannae do it in time, says analyst
Slap my Imp up: Bullfrog's Dungeon Keeper
Monsters need to earn a living too
Oh noes, fanbois! iPhone 6 Plus shipments 'DELAYED' in the UK
Is EMBIGGENED Apple mobile REALLY that popular?
Apple's big bang: iPhone 6, ANOTHER iPhone 6 Plus and WATCH OUT
Let's >sigh< see what Cupertino has been up to for the past year
The Apple Watch and CROTCH RUBBING. How are they related?
Plus: 'NostrilTime' wristjob vid action
Apple's SNEAKY plan: COPY ANDROID. Hello iPhone 6, Watch
Sizes, prices and all – but not for the wrist-o-puter
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.