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Thursday, April 21, 2005

Hynix, DOJ reach settlement in price-fixing case
Jeannie Shawl at 3:22 PM ET

[JURIST] The Department of Justice [official website] announced Thursday that it has reached a settlement agreement with Hynix Semiconductor [corporate website] as part of the DOJ's ongoing investigation into price-fixing in the dynamic random access memory (DRAM) industry. Under the agreement, which must be approved by the US District Court for the Northern District of California, Hynix will plead guilty to charges that it conspired to eliminate competition through price-fixing of DRAM and will pay a $185 million fine, the third largest criminal antitrust fine in DOJ history. The DOJ investigation has also included Samsung Semiconductor and Infineon. Last December, four Infineon executives pleaded guilty [JURIST report] to price-fixing charges. Read the DOJ press release on Thursday's Hynix settlement. CNET News has more.






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