Feeds

Samsung admits it rigged DRAM prices

Will pay $300m fine

Intelligent flash storage arrays

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. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Don't wait for that big iPad, order a NEXUS 9 instead, industry little bird says
Google said to debut next big slab, Android L ahead of Apple event
Netscape Navigator - the browser that started it all - turns 20
It was 20 years ago today, Marc Andreeesen taught the band to play
A drone of one's own: Reg buyers' guide for UAV fanciers
Hardware: Check. Software: Huh? Licence: Licence...?
Jaguar Sportbrake: The chicken tikka masala of van-sized posh cars
Indian-owned Jag's latest offering curries favour with us
The Apple launch AS IT HAPPENED: Totally SERIOUS coverage, not for haters
Fandroids, Windows Phone fringe-oids – you wouldn't understand
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
Here's your chance to buy an ancient, working APPLE ONE
Warning: Likely to cost a lot even for a Mac
Xiaomi boss snaps back at Jony Ive's iPhone rival 'theft' swipe
I'll have a handset delivered. Judge us after you try us...
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.