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9 Chip Makers Fined $400M in EU for Price Fixing

eldavojohn (898314) writes | more than 4 years ago

Businesses 0

eldavojohn (898314) writes "In a disturbing case for average consumers, nine DRAM chip manufacturers have been fined over four hundred million dollars for price fixing. The named companies are Samsung, Hynix, Infineon, NEC, Hitachi, Mitsubishi, Toshiba, Elpida and Nanya. Micron, a tenth price fixing member, avoided fines for reporting the other nine to the authorities. Since all companies cooperated with the probe, they received a 10% reduction in fines so it could have been worse. The US DoJ has had their own history with chip makers as well as LCD makers in price fixing scandals."
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