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Samsung squirrels $100 million for DRAM cartel case

Just in case, you see
Thu Dec 30 2004, 14:03
GIANT CHAEBOL Samsung will put $100 million in a safe place in case the US government decides it is guilty of price fixing DRAM prices.

Samsung announced its decision to put the money aside at the end of trading in Seoul today.

Earlier this year, Infineon stumped up $160 million after it pleaded guilty to joining a cartel to set the price of DRAMs in the marketplace.

Other Dramurai, including Micron and Hynix are also under investigation by the US Justice Department.

Even if Samsung ends up being fined as much as $100 million by the DoJ, it's a mere fleabite for the massive conglomerate. µ

See Also
Infineon execs go to jail over DRAM price fixing
DRAM slump in 2005 projected

 

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