SKorea clears chipmakers of cartel charges

Apr 20, 2009
Electronics workers on a micrchip assembly line near Seoul. South Korea's anti-trust watchdog has saidit has found no evidence that leading chipmakers in South Korea and other countries colluded to fix prices.

South Korea's anti-trust watchdog said Monday it has found no evidence that leading chipmakers in South Korea and other countries colluded to fix prices.

The Fair Trade Commission said it closed a probe into allegations of a cartel operated by 10 makers of static (SRAM) chips in , Japan and the United States.

SRAM chips are used to store data in servers, switches and low-power devices such as mobile phones.

The two South Korean firms were Samsung Electronics, the world's largest microchip maker, and Hynix .

The probe was launched in October 2006 to find out whether SRAM makers were involved in an international price-fixing scheme.

"We have found no evidence of a conspiracy," Fair Trade Commission regulator Shin Bong-Sam told reporters.

(c) 2009 AFP

Explore further: Renesas announces SRAM using leading-edge 16 nm FinFET for automotive information systems

add to favorites email to friend print save as pdf

Related Stories

Samsung fined $300M for conspiracy

Oct 14, 2005

Samsung Electronics was found guilty by the U.S. Department of Justice Thursday for conspiring to set prices on computer chips and fined $300 million.

Korean DRAM finds itself shut out of Japan

Jan 27, 2006

Japan may claim that the countervailing duty it slaps against Korean DRAM chip maker Hynix from today is just a protest against unfair trade practices and to curb dumping, but there's a widespread belief that the country ...

Samsung admits chip price-fixing

Oct 14, 2005

Samsung has agreed to pay a huge fine after admitting in federal court that it was part of a conspiracy to fix the price of semiconductor chips.

Recommended for you

Cyclist's helmet, Volvo car to communicate for safety

16 hours ago

Volvo calls it "a life-saving wearable cycling tech concept." The car maker is referring to a connected car and helmet prototype that enables two-way communication between Volvo drivers and cyclists for proximity ...

California puzzles over safety of driverless cars

17 hours ago

California's Department of Motor Vehicles will miss a year-end deadline to adopt new rules for cars of the future because regulators first have to figure out how they'll know whether "driverless" vehicles ...

Britain's UKIP issues online rules after gaffes

17 hours ago

UK Independence Party (UKIP), the British anti-European Union party, has ordered a crackdown on the use of social media by supporters and members following a series of controversies.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.