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Samsung pays £170m fine for memory price-fixing

Samsung is the latest company to admit fixing memory product prices in the US market and has agreed to pay a £170m fine as part of an ongoing antitrust case against other companies.

Samsung is the latest company to admit fixing memory product prices in the US market and has agreed to pay a £170m...

fine as part of an ongoing antitrust case against other companies.

The US Department of Justice investigation into prices set for DRAM (dynamic random access memory) products was made public in 2002, and another South Korean company, Hynix, was forced to shell out £105m in fines earlier this year.

Several firms were accused of forming a cartel to set DRAM prices, which affects the retail prices of PCs and servers. The price-fixing is said to have taken place between 1999 and 2002.

Despite the fixing, many prices continued to fall and major suppliers were forced to close factories as margins were not high enough on standard memory products.

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