BAMAPHIN 22
10-14-2005, 02:46 PM
Samsung, the world's largest maker of memory chips for computers and other gadgets, will pay a $300 million fine to settle accusations it secretly conspired with industry rivals to fix prices and cheat customers, federal officials said Thursday.
Samsung's guilty plea to a felony price-fixing charge caps a three-year investigation by the Justice Department into makers of the chips, a $7.7 billion market in the United States. Two of Samsung's leading rivals earlier paid fines totaling $345 million and pleaded guilty to involvement in a scheme the government said boosted prices consumers paid for computers between 1999 and 2002.
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Samsung's guilty plea to a felony price-fixing charge caps a three-year investigation by the Justice Department into makers of the chips, a $7.7 billion market in the United States. Two of Samsung's leading rivals earlier paid fines totaling $345 million and pleaded guilty to involvement in a scheme the government said boosted prices consumers paid for computers between 1999 and 2002.
To view links or images in this forum your post count must be 10 or greater. You currently have 0 posts.