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.

The $300 million fine is the second-largest antitrust penalty ever levied by the U.S. government and is the fourth such guilty plea in the case that revolves around prices charged for dynamic random access memory chips a few years ago.

Prosecutor Phillip Warren said the investigation launched in 2002 was critical for U.S. computer manufacturers who saw their overhead skyrocket.

"The direct victims involve the largest personal computer manufacturers in the world and include firms based in the Silicon Valley," Warren told the San Francisco Chronicle.

The effect of the plea was not clear Friday since many of the computer companies hurt by the conspiracy also have civil actions pending against the defendant companies.

Copyright 2005 by United Press International

Explore further: China a likely factor in North Korea cyber prowess: experts

add to favorites email to friend print save as pdf

Related Stories

Continuous drug manufacturing offers speed, lower costs

Mar 12, 2012

Traditional drug manufacturing is a time-consuming process. Active pharmaceutical ingredients are synthesized in a chemical manufacturing plant and then shipped to another site, where they are converted into ...

Of minds and machines

May 10, 2011

In the 1950s and '60s -- when MIT’s Warren McCulloch and Walter Pitts were building networks of artificial neurons, John McCarthy and Marvin Minsky were helping to create the discipline of artificial intelligence and ...

Recommended for you

Taxi app Uber defies ban in Spain

7 hours ago

Smartphone car-ride service Uber vowed Friday to keep operating in Spain despite a ban following a lawsuit by taxi drivers and said it would fight the case in court.

Sony film mess reflects gadgets-entertainment gap

15 hours ago

Sony's iconic gadgetry and the star appeal of Hollywood may have appeared to be a perfect match when the electronics giant bought Columbia Pictures in 1989. A quarter century later, it's apparent that Sony ...

Streaming release of 'Interview' test for industry

Dec 25, 2014

Sony's "The Interview" has been a hacking target, a punchline and a political lightning rod. Now, with its release online at the same time it debuts in theaters, it has a new role: a test for a new kind of ...

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.