Feeds

DRAM makers fined €331m for euro cartel

They all agreed they did it...

Internet Security Threat Report 2014

The European Commission has fined ten memory chip makers a total of €331m - as part of the first settlement made for cartel charges.

Ten chipmakers were found guilty of running a cartel in order to fix prices. The fine was cut by ten per cent in recognition of the companies' acceptance of the facts.

Micron had its fine cancelled completely for grassing up the other suppliers.

Micron, Samsung, Hynix, Infineon, NEC, Hitachi, Mitsubishi, Toshiba, Elpida and Nanya were all found guilty of competition offences.

The companies ran a cartel from 1 July 1998 until 15 June 2002. They shared secret information in order to set prices for Dynamic Random Access Memory which they sold to computer manufacturers. Micron got full immunity for informing the Commission that the cartel was running.

Infineon, Hynix, Samsung, Elpida and NEC all asked for leniency because of their cooperation. The Commission cut Infineon's fine by 45 per cent and Hynix's by 27 per cent, and the remaining three all got 18 per cent cut from their fines. All then saw fines shrink by another ten per cent for agreeing the settlement.

The Commission welcomed the first successful use of the simplified settlement procedure first introduced in 2008.

Fines are based on the seriousness of the offences and the size of sales within Europe. Full details here. ®

Intelligent flash storage arrays

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.