Samsung Pays Price for Price Fixing
Samsung, the world’s largest maker of memory chips for computers and other electronic gadgets, has agreed to plead guilty to price fixing and pay a $300 million fine, U.S. officials said Thursday.
The penalty is the second-largest criminal antitrust fine ever and caps a three-year investigation into the largest makers of dynamic random access memory computer chips, a $7.7 billion market in the United States.
The investigation started in 2002, a year after memory chip prices began to climb even though the high-tech industry was in a tailspin. At the time, the hikes were attributed to tight supplies, although then-Dell Computer CEO Michael Dell blamed them on cartel-like behavior by chip makers.
[AP]
It's not when you buy. It's when you sell!
