South Korea's Hynix Semiconductor Inc. has plead guilty to price fixing in the DRAM industry and will pay a $185 million fine, according to the Associated Press.
“In a plea agreement filed in U.S. District Court in San Francisco, “Hynix acknowledged conspiring with other companies to fix prices of widely used computer memory products between April 1999 and June 2002,” according to the report.
The plea had been expected. As reported in March, Hynix (Seoul) set aside 347 billion won ($338.7 million) in provisions related to the ongoing price-fixing investigation in the DRAM industry, according to a report from the JoongAng Daily in South Korea. ”
Read more at EETimes
Found VIA HardOCP
