Infineon Agrees To Pay $160-Million Fine In U.S. DRAM Price-Fixing Probe

KingFishKingFish
edited September 2004 in Science & Tech
Infineon Technologies AG has agreed to pay a $160 million fine as part of a federal DRAM price-fixing probe, the Justice Department said Wednesday (Sept. 15).
DoJ said the German chip maker entered a guilty plea in a San Francisco federal court to settle an antitrust case brought by the department's antitrust division. Infineon (Munich) acknowledged conspiring with other memory makers to fix DRAM prices between July 1999 and June 2002. "Under the plea agreement, which must be approved by the court, Infineon has agreed to cooperate with the government in its ongoing investigation of other DRAM producers," DoJ said in a statement.
Source: eeTimes
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