Infineon Execs Plead Guilty in DRAM Probe
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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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Infineon and ProMOS have finally ended a long running argument over licensing for DRAM chips. The two were part of a joint venture with Mosel Vitelic which ran from 1996.
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Global computer memory chip  makers including Samsung Electronics Co. and Micron Technology  Inc. were sued on Thursday by New York Attorney General Eliot  Spitzer for allegedly conspiring to raise memory chip prices.
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GIANT MEMORY company Infineon will plead guilty to price fixing of DRAM chips and will pay $160 million in fines to the US government.
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A former pharmaceutical executive and two of his sons pleaded guilty yesterday to conspiracy charges for engaging in what authorities called a "brazen" scheme to profit more than $2 million from illegal stock tips passed among the family members and their friends.
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Tom Hall, the last of the four executives at Qwest Communications International awaiting trial, has agreed to plead guilty. His attorney told the court that Hall would be willing to enter a plea.
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Four executives at German memory vendor Infineon Technologies and its U.S. subsidiary have pled guilty to charges of illegally setting prices for PC memory chips, the U.S. Department of Justice (DOJ) announced Thursday.
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Former Samsung Semiconductor Inc executive Thomas Quinn has pleaded guilty to price fixing, and expects to serve eight months in prison, the US Department of Justice said.
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WASHINGTON Federal prosecutors have announced that they have cracked a global cartel that had illegally fixed prices of memory chips in personal computers and servers for three years, and that one of the companies involved, Infineon Technologies, had
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Two executives from American International Group Inc.  and one from Marsh & McLennan Cos.  pleaded guilty on Tuesday to fraud charges stemming from New York Attorney General Eliot Spitzer's sweeping investigation into fraud in the industry.
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Infineon Technologies AG agreed to plead guilty to fixing prices for digital memory chips and pay a $160 million criminal fine, the third largest US antitrust enforcement penalty, the Justice Department said.
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Four sales executives of German microchip firm Infineon plead guilty to price fixing and accept jail terms, the US Justice Department says.
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(InfoWorld) - An executive at Samsung Electronics, the world's largest manufacturer of DRAM (dynamic RAM), has agreed to plead guilty and serve jail time for participating in a global price-fixing conspiracy, the U.S. Department of Justice (DOJ) said Thursday. The DOJ said Thomas Quinn participated in a price-fixing conspiracy in his position as vice president of marketing for memory products at Samsung Semiconductor Inc., Samsung's U.S. subsidiary. The DOJ charged Quinn with violating the U.S. Sherman Act, which lays out antimonopoly regulations. The DOJ alleged that he helped engineer an agreement to fix DRAM prices and to coordinate bids in a Dec. 5, 2001 Sun Microsystems Inc. auction. Under the plea agreement, which must be approved by the U.S. District Court in San Francisco, Quinn has agreed to serve an eight-month prison sentence and pay a US$250,000 fine. In addition, Quinn has agreed to assist the DOJ in its ongoing investigation, which it is pursuing in conjunction with the U.S. Federal Bureau of Investigation (FBI). "We are still very actively investigating antitrust violations in the DRAM industry," the DOJ's Antitrust Division director of criminal enforcement, Scott Hammond, said in a statement. DRAM is the most commonly used semiconductor memory product. The alleged price fixing harmed computer makers, by making manufacturers such as Apple Computer Inc., Dell Inc. and Hewlett-Packard Co. pay more for DRAM than they otherwise would have, the DOJ said. The costs were then passed on to consumers, it pointed out. In March,Â three other Samsung executives agreed to a similar plea deal. Sun Woo Lee, Samsung's senior manager of DRAM sales, agreed to a sentence of eight months in U.S. prison. Yeongho Kang, associate director of DRAM Marketing for Samsung's U.S. subsidiary, and Young Woo Lee, sales director for Samsung's German subsidiary, both agreed to serve seven months. The three also agreed to each pay a $250,000 fine. With Thursday's plea agreement, four companies and 13 individuals have been charged and fines totaling more than $731 million have resulted from the DOJ's investigation. Among other related plea deals and charges, Samsung was ordered in November 2005 to pay a $300 million fine. Hynix was ordered in May 2005 to pay $185 million. Elpida Memory agreed in January to pay $84 million. And Infineon agreed in October 2004 to pay $160 million. In addition to the DOJ case, similar investigations and charges are being pursued on the state level. Samsung faces charges in a price-fixing lawsuit filed in Manhattan by New York Attorney General Eliot Spitzer, working with other states. And in July,Â 34 states filed a joint antitrust lawsuit against seven DRAM makersÂ over price fixing. That lawsuit did not include Samsung, but did include Micron Technology Inc.; Infineon Technologies AG; Hynix Semiconductor Inc.; Elpida Memory Inc.; NEC Electronics America Inc.; Mosel Vitelic Inc. and Nanya Technology Corp.
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A German manufacturer of technology commonly used in personal computers has agreed to plead guilty and pay a $160 million fine for engaging in an international price-fixing conspiracy that drove up computer prices, the Justice
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Two executives from American  International Group Inc. AIG.N and one from Marsh & McLennan  Cos. MMC.N pleaded guilty on Tuesday to fraud charges  stemming from New York Attorney General Eliot Spitzer's  sweeping investigation into fraud in the industry.
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German computer chip maker Infineon Technologies AG has agreed to plead guilty to price fixing and will pay a $160 million fine, the Justice Department said yesterday.
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Four Infineon Technologies executives have agreed to pay US$250,000 fines and serve prison time in the US for their roles in an international conspiracy to fix prices for DRAM computer memory chips, the Justice Department announced yesterday.