Samsung pleads guilty in chip price-fixing scheme


  • Business
  • Thursday, 01 Dec 2005

SAN FRANCISCO: Samsung, the world's largest maker of computer memory chips, pleaded guilty to a charge it participated in a worldwide price-fixing conspiracy that damaged competition and raised personal computer prices. 

After accepting the plea and a previously arranged deal with prosecutors, U.S. District Judge Phyllis J. Hamilton on Wednesday ordered Samsung Electronics Co. Ltd. and its U.S. subsidiary, Samsung Semiconductor Inc., to pay $300 million (euro255 million) - the second-largest fine in a criminal antitrust case. 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Powering on data centres
Medical insurance premiums on the rise
Kelington to reap the benefits of a diversified business strategy
Rising data centre ability
Making scents of success
Investors brace for 5% Treasury yields
Are there too many GPs and is the healthcare system overwhelmed?
Sapura Energy takes a step to turn the tide
Japan frets over relentless yen slide as BoJ keeps ultra-low rates
Singapore’s growth trajectory remains intact

Others Also Read