EU fines 10 memory chip producers for price fixing


  • Technology Premium
  • Thursday, 20 May 2010

BRUSSELS: The European Union fined 10 producers of memory chips, including Samsung, a combined 331mil euros (RM1.35bil) for colluding in a price-fixing cartel.

The EU Commission said the companies, mostly non-European, rigged the market between 1998 and 2002 by sharing secret information which allowed them to set prices and quotations for Dynamic Random Access Memory (DRAM) chips in Europe.

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