The Channel logo

News

By | Tony Smith 11th May 2006 13:05

DRAM makers to pay $160m to settle civil suits

Samsung, Hynix, Infineon, plaintiffs in accord

Samsung, Hynix and Infineon have agreed to cough up $160m to a collection of small companies who sued the memory giants after the US Department of Justice launched a probe into DRAM price-fixing claims.

The three DRAMurai later admitted they had taken part in a cartel to control DRAM prices in the States between April 1999 and June 2002, and reached agreements with the DoJ to pay up hefty punitive fines. Elpida and Micron were also involved in the DoJ investigation.

In the San Francisco District Court yesterday, Judge Phyllis Hamilton said she would approve a deal reached between lawyers representing Samsung and Infineon, and the plaintiffs' advocates that would see the two memory companies pay out $67m and $20m, respectively, Bloomberg reports.

The parties will meet next week to discuss an agreed $73m pay-out from Hynix. Under the terms of the agreements, the three memory makers do not admit any wrongdoing.

The plaintiffs are also pursuing claims against Micron, Elpida and four other chip companies. ®

alert Send corrections

Opinion

Lost

Jennifer Baker

European Commission still silent despite Ireland's plea

Neil McAllister

Claims that cloud will drive Oracle's future growth ring hollow

Features

AWS and Salesforce match up to Ellison's hardware
Five years on, what did Larry's lot do to Sun's partner network?
But here's why we're (probably) not staring at a crash
BlackBerry Passport
Network intelligence - our secret weapon