Samsung Settles DRAM Price Fixing Suit
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Samsung and a US subsidiary have agreed to pay $90 million to settle charges that it colluded to keep the price of DRAM memory artificially high.
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Samsung Electronics Co., the world&#39;s largest memory chip maker, said yesterday in a regulatory filing that it has set aside $100 million in provisions to deal with a price-fixing investigation in the United States.
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SAN JOSE, Calif. - South Korea&#39;s Samsung Electronics Co. Ltd. on Thursday (Dec. 30) said that it has set aside a $100 million provision against a DRAM price fixing scheme that has rocked the industry, according to published reports.
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Samsung, the world&#39;s top memory chipmaker, said on Thursday that its US subsidiary would put aside $100m in antitrust provisions related to a computer memory chip dispute.
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Agrees to cough up $90m Samsung will pay $90m to bring to an end lawsuits brought against it by 41 US states as a result of its role in a worldwide DRAM price-fixing cartel. It will also aid the plaintiffs in ongoing legal action against its co-conspirators.â¦
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The world's largest DRAM maker agrees to pay multimillion dollar fine in a DRAM price-fixing suit.
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Becomes the first company to plead guilty to conspiring with manufacturers to fix the prices of DRAM chips in a 2-year probe. WASHINGTON/SAN FRANCISCO: Germany&#39;s Infineon Technologies AG has agreed to plead
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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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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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SEOUL (XFN-ASIA) - Samsung Electronics Co Ltd said that its US unit Samsung Semiconductor Inc has decided to allot 100 mln usd as provision against possible losses that may arise from the US government&#39;s anti-trust investigation into the company.
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(InfoWorld) - Samsung Electronics saw a sharp fall in operating profits during the three months from April to June due to theÂ weak marketÂ for computer memory chips. Prices of the chips, which are used for the main memory in personal computers, fell because supply exceeded demand. That hit Samsung because it's one of the world's largest makers of DRAM (dynamic RAM) chips. The company said operating profit was 910 billion won ($985 million) as of the last day of the period being reported), which is down from 1.4 trillion won ($1.5 billion) in the second quarter of 2006. Net profit, which is a wider measure of profitability and includes subsidiaries and non-core operations, was down slightly at 1.42 trillion won from 1.5 trillion won a year earlier. Net sales were up 4 percent to 14.6 trillion won. "Despite the dire business environment, such as the precipitous fall of DRAM (dynamic RAM) prices and seasonality, we have posted a decent result in Q2," said Chu Woosik, head of investor relations at Samsung, in a conference call with analysts. Profits at Samsung's semiconductor unit dropped by two-thirds as a result of the weak DRAM market. The good news, said Chu, is that the DRAM market is already starting to show signs of a turn-around, thanks to interest in Windows Vista PCs, which require more memory. During the remainder of the year the market for DRAM chips is expected to be strong, he said. Strong demand for Apple's iPhone and competing handsets are alsoÂ expected to keep up pricesÂ and profits for NAND flash memory, which is Samsung's other major memory chip product, strong. Chu said Samsung is in talks with several consumer electronics companies about supplying chips for as-yet-unannounced portable media players with video. Samsung's cellphone handset business was one of the brightest spots in the results. The company shipped a record 37.4 million phones in the quarter thanks to the popularity of its thin "Ultra" edition handsets. The second quarter was the fourth consecutive quarter in which Samsung reported record sales. As a result Samsung said it now expects to ship more than 150 million phones this year, up from its previous target of 133 million. The LCD (liquid crystal display) business enjoyed brisk business and Samsung shipped a record 2 million displays in the 40-inch and above class. Sales rose by 17 percent and operating profits surged 290 percent. Looking ahead, Chu said Samsung expects the remainder of the year to be strong for the company. "We are very optimistic about the second half," he said. "We are expecting all of our major business units to experience very high levels of demand and recovery starting from Q3. As a result of such an improvement coupled with our vigorous attempts to reduce cost, we are hoping to see significant improvements in the bottom line in Q3. We expect this nice recovery to last throughout the rest of the year." Â
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Memory chip maker Infineon Technologies yesterday pled guilty to breaching US antitrust laws for price fixing in its dynamic random access memory (or DRAM) chip business.
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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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SEOUL (Dow Jones)--A precipitous fall in prices for flash-memory chips and anticipated demand for next-generation DDR2 dynamic random access memory chips has spurred Samsung Electronics Co.
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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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Four executives at Infineon Technologies AG and its US subsidiary, Infineon Technologies North America Corp., are to plead guilty to participating in an international conspiracy to fix prices in the DRAM market, the US Department of Justice (DoJ) said
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ProMOS Technologies has agreed to pay Infineon Technologies license fees for 0.17-, 0.14- and 0.11-micron DRAM trench technologies.