Wednesday May 19, 2010

EU Fines 10 Memory Chip Producers $403 Million

Ten of the world’s largest memory makers were fined over $400 million by the European Union for DRAM price fixing between 1998 - 2002.

Samsung of South Korea received the biggest fine of euro145 million ($177 million). Germany's Infineon was fined euro56 million and Hynix euro51 million. Micron escaped a fine because it brought the case to the European Commission.

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