Printed from http://www.electronista.com

EU fines Samsung, others $404m for memory price fixing

updated 11:25 am EDT, Wed May 19, 2010

EU says Samsung and others kept prices high

The European Union today fined a collective of memory producers 331.3 million euros (about $404.4 million) for price fixing. Electronics giants Hitachi, Mitsubishi, NEC, Samsung and Toshiba as well as Elpida, Hynix, Infineon and Nanya admitted they artificially kept RAM prices high between at least 1998 and 2002 by secretly coordinating pricing between each other. Samsung faces the largest fine and will pay 145.7 million euros ($177.8 million), but Infineon will also pay a large 56.7 million euros ($69.2 million) for its involvement.

Micron, which now works closely with Intel, was also involved in price fixing but escaped any fines by having originally reported the illegal pact. Confessions by the group dropped the fines they would otherwise have paid by 20 percent for Samsung and exactly half for Infineon.

Prices on RAM have fallen rapidly in the past several years thanks to more demanding apps and operating systems, especially platforms with 64-bit memory addressing like Windows Vista and Mac OS X Leopard that could benefit from more than 4GB of RAM.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Sound Blaster Roar Bluetooth speaker

There could very well be a new king of the hill for Bluetooth speakers, with Sound Blaster's recent entry into the marketplace. Bringi ...

Kenu Airframe Plus

Simple, stylish and effective, the Kenu Airframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this y ...

Plantronics Rig Surround 7.1 headset

Trying to capture the true soundscape of video games can be a daunting task. Looking to surround-sound home theater options, users hav ...

Sponsor

toggle

Most Commented

 
toggle

Popular News