DRAM Makers Fined €331M In EC Cartel Probe

Law360, New York (May 19, 2010, 8:56 AM EDT) -- Europe's competition watchdog on Wednesday slapped nine memory chip makers — including Samsung Electronics and Infineon Technologies AG — with fines totaling over €331 million ($408 million) for fixing prices.

The European Commission said that it had settled its cartel investigation and fined Samsung, Infineon, Hynix Semiconductor Inc., NEC Electronics Corp., Hitachi Ltd., Mitsubishi Electric Corp., Toshiba Corp., Elpida Memory Inc. and Nanya Technology Corp. a total of €331,273,800.

The regulator said it reduced the overall fines against the companies because they had admitted involvement in...
To view the full article, register now.