DailyTech - Four Hynix Execs Plead Guilty To Price Fixing and Serve Jail Time

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IT Four Hynix Execs Plead Guilty To Price Fixing and Serve Jail Time
Tuan Nguyen (Blog) - March 2, 2006 12:24 PM

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8 comment(s) - last by Doormat.. on Mar 2 at 9:32 PM

Justice Department has collected more than $731 million so far in this investigation

We reported several weeks ago that Elpida was accused of DRAM price fixing and later on pleaded guilty. Unfortunately, Hynix has now been found guilty of the same.

Four executives at Hynix are guilty of conspiring to DRAM fixing and have agreed to serve jail time in the US for their actions. In a world-wide crack down on DRAM price fixing, the US Justice Department investigated four companies as well as nine individuals and found that the price fixing had been carefully orchestrated. The four Hynix executives also agreed to pay a fine of $250,000 each.

Altogether the US Justice Department has gathered over $731 million in fines from the DRAM investigation. Major computer manufacturers such as Apple, Dell, and HP were hurt financially by the price fixing. Hynix Semiconductor is South Korea's second largest maker of DRAM products and unfortunately has admitted to DRAM price fixing in the past.

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Exec Jail Time? What a concept!

By Oscarine on 3/2/2006 1:53:11 PM , Rating: 2

I'm impressed they actually agreed to serve time in prison in the US.

RE: Exec Jail Time? What a concept!

By FoxFour on 3/2/2006 3:02:26 PM , Rating: 2

Well... where else might they want to serve it? Only Canada has nicer minimum security prisons than the US.

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RE: Exec Jail Time? What a concept!

By A5 on 3/2/2006 5:19:12 PM , Rating: 2

Yeah - given the choice between Taiwan and US minimum security, I'll take the US :P

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RE: Exec Jail Time? What a concept!

By A5 on 3/2/2006 5:20:02 PM , Rating: 2

And by Taiwan I meant South Korea :P

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RE: Exec Jail Time? What a concept!

By Doormat on 3/2/2006 9:32:20 PM , Rating: 2

Are you sure its not federal pound-me-in-the-ass prison?

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Heh.

By DigitalFreak on 3/2/2006 12:49:45 PM , Rating: 2

But of course Micron isn't on the list. Either they really didn't do anything, or another senator's wallet just got fatter.

RE: Heh.

By FrozenCanadian on 3/2/2006 5:12:53 PM , Rating: 2

I beleive I read somewhere that Micron wasn't charged becuase they agreed to comply with the DOJ's requests and help the investigation. Although I think there just as guilty as the other companys.

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