Infineon Execs Pleading Guilty in US DRAM Probe
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Four sales executives of German chip maker Infineon Technologies AG (IFXGn.DE: Quote, Profile, Research) have agreed to plead guilty to participating in a conspiracy
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Individual penalties for the four Infineon executives who pled guilty in a price-fixing scheme follow a record $160 million fine that Infineon agreed to pay in mid-September stemming from the same investigation.
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German computer chipmaker Infineon Technologies AG has agreed to plead guilty to price fixing and will pay a $160 million fine, the Justice Department announced Wednesday.
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German computer chipmaker Infineon Technologies AG (IFX) has agreed to plead guilty to price fixing and will pay a $160 million fine, the Justice Department announced Wednesday.    In a plea agreement filed in U.S...
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(InfoWorld) - Samsung Electronics, the world's largest DRAM (dynamic RAM) maker, agreed to pay $90 million in a DRAM price fixing suit raised by a group of U.S. state governments, the first company named in the suit to reach such an accord. Samsung also agreed to assist the states in resolving price-fixing charges against other defendants named in the suit, the Office of the New York State Attorney General said in a statement on Tuesday. The agreement ends the case against Samsung. TheÂ lawsuit was filed last JulyÂ by New York and 40 other U.S. states in a joint antitrust effort against several DRAM (dynamic RAM) makers over alleged price-fixing, adding to industry woes amid an ongoing federal investigation that has already led to $731 million in fines. They alleged the companies violated antitrust laws and harmed consumers by conspiring to fix prices through artificial supply restraints, dividing markets among themselves and rigging bids on DRAM contracts during a four year period between 1998 and 2002. The price fixing scheme caused computer makers such as Apple and DellÂ to pay more for DRAM than they would have in a competitive market, the suit alleged, and the costs were then passed on to consumers. The Samsung settlement will be used to benefit victims of high DRAM prices, with $80 million going to consumers and other victims, and $10 million being paid out to state and local governments. New York's attorney general said the state's specific share of the settlement will be determined in the future. Samsung's Seoul office declined to comment on the settlement, saying its U.S. subsidiary was handling all issues regarding the case. Hynix Semiconductor, another company named in the suit, said it is too early to tell what impact the Samsung deal may have on the case. "We're still looking into the matter. We haven't decided anything yet," said Kim Ah-Young, a Hynix representative. The accord with Samsung is subject to approval by the federal court in San Francisco. The litigation will continue against other DRAM makers named in the suit, including U.S.-based Micron Technology, Infineon Technologies of Germany, South Korea's Hynix, Japan's Elpida Memory and NEC Electronics America, Taiwan's Mosel Vitelic and Nanya TechnologyÂ as well as their U.S. subsidiaries. The case by the states started after the U.S. Department of Justice (DOJ) investigation had already led to several guilty pleas, which resulted in millions of dollars in fines and jail time for a dozen individuals from four companies. In late 2005,Â Samsung was ordered to payÂ a $300 million criminal fine in the DOJ case, while South Korean rivalÂ Hynix Semiconductor agreed to payÂ $185 million. Infineon Technologies, of Germany, wasÂ first to pay a fineÂ of $160 million, in late 2004. Earlier last year, Japan'sÂ Elpida Memory agreed to plead guiltyÂ and pay a $84 million fine.
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US unit of the German company also pleads guilty of participating in a price-fixing conspiracy. WASHINGTON, DC  - The Pittsburgh-based subsidiary of Germany&#39;s Bayer AG has agreed to plead guilty and
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California company Super Micro Computer pleaded guilty to violating an export ban by selling servers and other computer components to Iran.
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LONDON, September 16 (New Ratings) - Infineon Technologies (IFX.ETR) has agreed to plead guilty and to pay a fine of $160 million to settle the federal charges of participating in an international conspiracy of DRAM price fixing.
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Four executives at Infineon Technologies AG, one of the world&#39;s largest makers of memory chips, have agreed to plead guilty to criminal charges of price fixing in federal court, authorities said Thursday.
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Infineon Technologies AG, a German manufacturer of DRAM (dynamic RAM) has agreed to plead guilty and pay a US$160 million fine for attempting to fix prices in the DRAM market, the US Department of Justice (DOJ) announced Wednesday.
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Germany&#39;s Infineon Technologies AG has agreed to plead guilty to charges of price-fixing and pay a $160 million fine as part of a US investigation into the computer-memory chip industry, US antitrust authorities said Wednesday.
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Four Infineon executives will serve jail time after pleading guilty to being part of an &quot;international conspiracy&quot; to fix the price of computer memory, the US Department of Justice announced today.
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The U.S. International Trade Commission (USITC) has launched four investigations involving the import of computers or electronic device components, including one based on a complaint that several companies are violating patents on DRAM chips.
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Memory maker will pay $160 million in fines, DOJ says.
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NEW YORK, December 6  - The US Department of Justice has imposed steep fines and announced jail terms for four senior executives of Infineon Technologies (IFX.
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The U.S. International Trade Commission (USITC) has launched four investigations involving the import of computers or electronic device components, including one based on a complaint that several companies are violating patents on DRAM chips.The USITC also voted to launch an investigation, based on a complaint by IBM, into the import of motherboards, graphics cards, notebook computers, server computers, bare-bones computers, and routers by Asustek Computer of Taiwan and Asus Computer International of Fremont, Calif.In the DRAM case, Tessera of San Jose, Calif., filed a complaint on Dec. 7 alleging that 18 companies violated its patents for semiconductor chips with a minimized chip package size. Acer and Kingston Technology are among the companies named in Tessera&#39;s complaint.The commission on Friday also announced it has initiated so-called 337 investigations into the import of silicon microphone packages used in mobile phones and semiconductor lasers used in disc drives.In the Tessera complaint, the company accused competitors of violating four semiconductor patents. The company has filed a lawsuit in the U.S. District Court for the Eastern District of Texas, as well as the USITC complaint. The U.S. Patent and Trademark Office has granted reexamination requests on two of those patents.Representatives of Acer and Kingston didn&#39;t immediately respond to a request for comments on the USITC investigation.IBM filed a complaint on Dec. 5, asking the USITC to bar Asustek and North American subsidiary Asus Computer International from importing equipment using PC power supplies, cooling fans, and clustering technologies into the United States. IBM accused Asustek of infringing three patents related to those technologies.IBM attempted to reach a licensing agreement with Asustek after a licensing deal expired in December 2004, an IBM spokesman said in December. An Asus spokeswoman didn&#39;t immediately respond to a request for comments.The semiconductor laser complaint covers lasers used in high-definition disc drives. The investigation is based on a complaint filed by Seoul Semiconductor of Korea on Dec. 4, alleging that Nichhia of Japan has violated its patent.In the silicon microphone case, the patented technology covers microphones in several devices, including mobile phones. The complaint, filed by Knowles Electronics of Itasca, Ill., on Dec. 6, alleges that Mems Technology Berhad of Malaysia has violated its patents.The cases will be referred to an administrative law judge, who will schedule and hold an evidentiary hearing. The judge will make an initial determination as to whether there is a violation of Section 337 of the U.S. Tariff Act of 1930. That initial determination is subject to review by the USITC.Within 45 days, the commission will set a target date for completing the investigations.
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BERLIN Infineon Technologies said Thursday that it had set aside enough funds to settle additional antitrust probes and civil suits after agreeing to plead guilty in the US to fixing prices for memory chips.