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Samsung Semi boss gets 10 months in clink

Confession
Thu Dec 21 2006, 20:45
THE PRESIDENT of Samsung Semiconductors, Young Hwan Park, will serve time in jail over memory price fixing, the Wall Street Journal said.

He admitted to a federal court he had helped engage in a price fixing scam, the Journal said. He is not the first Samsung exec to be convicted of price fixing.

But he is the most senior. He will be in jail for 10 months. The Journal reckons he is the fifth Samsung guy to go down.

No wonder the Department of Justice (DoJ) is interested in SRAM, and the rest. Korean firm Hynix, Japanese firm Elpida, and others are implicated after PC OEMs like Dell, HP and others including Gateway complained about a possible cartel, as reported earlier.

The DoJ has so far collected three quarter of a billion dollars in fines over DRAM price fixing. Puffed up by its own success, it now is investigating SRAM firms and graphics firms, like Nvidia and ATI as was, as well. We wonder if Park will be allowed to have a cigarette or two in a Federal Gaol [No, Ed.]. µ

L'INQ
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See Also
Samsung memory man gets eight months in clink
US throws book at memory firms
More Dramurai go to jail over price fixing
Samsung fixed prices
Rambus was right all along, damn it

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