Thursday, October 13, 2005
Samsung Electronics Company and its U.S. subsidiary have agreed to plead guilty and pay $300 million in fines for participating in an international conspiracy to fix prices in the dynamic random access memory (DRAM) market, the U.S. Justice Department announced today.
A one-count felony charge filed in San Francisco said Samsung conspired with other manufacturers to fix prices sold to certain computer manufacturers. The computer makers directly affected by the price-fixing conspiracy were Dell, Compaq, Hewlett Packard, Apple, IBM and Gateway.
Prosecutors said the conspiracy occurred between April 1999 and June 2002.
By: DocMemory
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