Samsung Settles DRAM Chip Anti-trust CaseMoon Ihlwan
Samsung Electronics, facing legal headaches on a handful of issues, has agreed to pay $90 million to settle price-manipulation charges by about 40 U.S. states and consumers of products using its dynamic random access memory (DRAM) chips. The settlement is in connection with the South Korean company’s admission in 2005 that it took part in a price-fixing scheme with other DRAM makers to keep the prices of the chips artificially high during a period of four years till 2002. “The latest settlement effectively put the DRAM anti-trust matter behind us,” says Chris Goodhart, spokesman of Samsung Semiconductor Inc., Samsung’s U.S. subsidiary.
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