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.
"There is a single light of science, and to brighten it anywhere is to brighten it everywhere." -- Isaac Asimov
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