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December 01, 2005
Samsung guity of price fixing
Posted by Sandy
After accepting the plea and a previously arranged deal with prosecutors on Wednesday, U.S. District Judge Phyllis J. Hamilton ordered Samsung Electronics Co. Ltd. and its U.S. subsidiary, Samsung Semiconductor Inc., to pay $300-million (U.S.) — the second-largest fine in a criminal antitrust case in the United States...
Earlier this year, Seoul-based Hynix Semiconductor Inc. agreed to pay a $185-million fine; rival Infineon Technologies AG of Germany agreed to pay $160-million last year. A fourth chip maker, Micron Technology Inc. of Boise, Idaho, has been co-operating with prosecutors and was not expected to face charges.
AP has the details.
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