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Micron Executive Agrees To Plead Guilty To Obstructing A Price-fixing Investigation Involving Computer Memory







Micron Executive Agrees To Plead Guilty
To Obstructing A Price-fixing
Investigation Involving Computer Memory

Micron Executive Agrees To Plead Guilty
To Obstructing A Price-fixing
Investigation Involving Computer Memory
12/17/2003 04:56 PM

U.S. Dept. of Justice Dec 17 2003 4:40PM ET




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Micron Executive Agrees To Plead Guilty To Obstructing A Price-fixing Investigation Involving Computer Memory

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A German manufacturer of technology commonly used in personal computers has agreed to plead guilty and pay a $160 million fine for engaging in an international price-fixing conspiracy that drove up computer prices, the Justice Department announced Wednesday. Infineon Technologies AG "conspired with unnamed manufacturers" to boost prices of dynamic random access memory (DRAM) sold to computer makers, the Justice Department said.

Government antitrust lawyers identified the firms directly affected by the conspiracy as Dell, Compaq, Hewlett-Packard, Apple, IBM, and Gateway.

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Officials said some computer makers were forced to increase product prices because of the conspiracy, while others decreased the amount of memory used in some products. Infineon and other DRAM manufacturers, including Samsung, Hynix and Micron Technologies, also face civil lawsuits in San Francisco.

The Justice Department refused to name firms that allegedly conspired with Infineon in the criminal case announced Wednesday. The $160 million fine is the third largest price-fixing penalty in U.S. history.

News source: CNN

Read full story...

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