Feeds

Feds allege Samsung, Hynix execs fixed DRAM prices

Hefty fines, jail terms if convicted

3 Big data security analytics techniques

Two Samsung executives and a senior Hynix employee have been formally charged with conspiring to fix DRAM prices worldwide between 1 April 2001 and 15 June 2002, US antitrust investigators with the Department of Justice announced yesterday.

The three defendants are charged with violating the US Sherman Act. If convicted, they could each face up to three years in prison and a $350,000 fine - more if they're found to have benefitted financially from their alleged actions.

The DoJ accused Il Ung Kim and Young Bae Rha - respectively VP of marketing, and VP of sales and market at Samsung's memory division at the time of the alleged price-fixing scheme - of working with others to rig the DRAM chip market. Gary Swanson, at the time a senior VP of memory sales and marketing at Hynix, is accused of the same crime. Swanson is a US citizen and resident, but Kim and Rha both reside in their native South Korea.

The DoJ claimed the three men discussed setting the price they and others would charge certain OEMs for DRAM chips and enforced that pricing. It also alleges they co-operated to rig a DRAM supply-contract auction run by Compaq on 29 November 2001. The indictment lists numerous other related charges, including being payed for their efforts and concealing what they're alleged to have done.

To date, the DoJ's DRAM cartel probe has seen charges filed against four companies - Hynix, Samsung, Infineon and Elpida - and 13 individuals. More than $731m in fines have resulted from the investigation - the second highest total obtained by the DoJ in a criminal antitrust investigation into a specific industry, it said. ®

SANS - Survey on application security programs

More from The Register

next story
Leaked pics show EMBIGGENED iPhone 6 screen
Fat-fingered fanbois rejoice over Chinternet snaps
Oh no, Joe: WinPhone users already griping over 8.1 mega-update
Hang on. Which bit of Developer Preview don't you understand?
Microsoft lobs pre-release Windows Phone 8.1 at devs who dare
App makers can load it before anyone else, but if they do they're stuck with it
True optical zoom coming to HTC smartphone cameras
Time to ditch that heavy DSLR? Maybe in a year, year and a half
Rounded corners? Pah! Amazon's '3D phone has eye-tracking tech'
Now THAT'S what we call a proper new feature
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
US mobile firms cave on kill switch, agree to install anti-theft code
Slow and kludgy rollout will protect corporate profits
Sony battery recall as VAIO goes out with a bang, not a whimper
The perils of having Panasonic as a partner
Leaked photos may indicate slimmer next-generation iPad
Will iPad Air evolve into iPad Helium?
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.