Feeds

Samsung admits it rigged DRAM prices

Will pay $300m fine

Choosing a cloud hosting partner with confidence

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. ®

Intelligent flash storage arrays

More from The Register

next story
Xperia Z3: Crikey, Sony – ANOTHER flagship phondleslab?
The Fourth Amendment... and it IS better
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
Microsoft to enter the STRUGGLE of the HUMAN WRIST
It's not just a thumb war, it's total digit war
Back to the ... drawing board: 'Hoverboard' will disappoint Marty McFly wannabes
Buzzing board (and some future apps) leave a lot to be desired
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
A drone of one's own: Reg buyers' guide for UAV fanciers
Hardware: Check. Software: Huh? Licence: Licence...?
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
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
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?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.