Elpida goes down with its other price fixing pals
Elpida today plead guilty to DRAM price fixing under an agreement reached with the US Justice Department. Under the agreement, the company will pay a total fine of $84 million.
Elpida now joins its partners in crime which include Hynix, Infineon, Micron, and Samsung. Those company faced fines ranging from Infineon's $160 million to Samsung's fine of a whopping $300 million (second largest in US antitrust history).
Tokyo-based Elpida admitted to violations of U.S. antitrust laws in connection with its DRAM sales from April 1999 through June 2002. Included are sales made by NEC Corp. and Hitachi Ltd. prior to the commencement of Elpida's sales operation.
"You can bet that Sony built a long-term business plan about being successful in Japan and that business plan is crumbling." -- Peter Moore, 24 hours before his Microsoft resignation
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