Sunday, October 26, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Panasonic to Offload Sanyo's North America TV Business
Google's Pichai to Become Head of Product at Google: report
Internet Explorer 11 Toolkit Allows Enterprise Admins "Spy" On Their Employees
FCC Says Airwave Auction To Delay Until 2016
HP Broadens Moonshot Portfolio With Intel-powered Models
Microsoft To Keep Nokia Brand For Low-end Smartphones
LG Introduces Its First Octa-Core Application Processor
Cloud and Surface 3 Drive Microsoft's Revenue
Active Discussions
Copied dvd's say blank in computer only
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
 Home > News > General Computing > Samsung...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, September 22, 2006
Samsung Executive Agrees to Jail Term for Chip Conspiracy


A US executive of South Korean electronics giant Samsung agreed to plead guilty and to serve jail time for participating in a global conspiracy to fix prices for memory chips, officials said.

The Justice Department said Thomas Quinn, vice president of marketing for memory products at Samsung Semiconductor, the California-based US unit of Samsung, agreed to the deal that would result in an eight-month prison term and a 250,000-dollar fine.

Quinn was charged with violating the US antitrust laws in a one-count criminal complaint alleging participation in an agreement to fix prices of dynamic random access memory (DRAM) chips.

The plea agreement, which must be approved by a US federal judge, also calls for Quinn to assist the ongoing investigation.

To date, four companies and 13 individuals have been charged and fines totaling more than 731 million have resulted from the DRAM investigation.

Last November, Samsung pleaded guilty as a company to charges of price fixing in a deal that came with a fine of 300 million dollars.

US authorities have alleged a conspiracy with Samsung and other producers to fix DRAM computer chip prices between April 1, 1999 and June 15, 2002.

DRAM is the most commonly used semiconductor memory product, providing high-speed storage and retrieval of electronic information for computer, telecommunications and consumer electronic products.

There were approximately 7.7 billion dollars in DRAM sales in the United States in 2004.

Authorities said the price-fixing scheme directly affected sales to US computer makers Dell, Hewlett-Packard and others.

Quinn is the fourth Samsung executive to agree to a prison sentence in the investigation. Three foreign-based Samsung executives, Sun Woo Lee, Young Woo Lee and Yeongho Kang, previously pleaded guilty and agreed to serve prison terms ranging from seven to eight months.

In additional, jail terms were agreed for Hynix Semiconductor executives Dae Soo Kim, Chae Kyun Chung, Kun Chul Suh and Choon Yub Choi; and Infineon executives T. Rudd Corwin, Peter Schaefer, Gunter Hefner and Heinrich Florian.


Previous
Next
Sony Playstation 3 will support Dolby Digital 5.1 surround sound        All News        Microsoft Compensates Xbox 360 Owners
SRS iWOW Plug-in to enhance iTunes experience     General Computing News      Hackers fire up anonymous Torpark browser

Get RSS feed Easy Print E-Mail this Message

Related News
New Samsung Galaxy S5 'Plus' Released With Faster Processor
SK Telecom and Samsung Join Hands to Lead 5G Network Technology
New 64-bit Exynos 7 Octa Processor Supports Iris Recognition
Samsung Claims 5G Speed Record
Facebook And Samsung Executives Discuss Mobile, Content Collaborations
Samsung SDI and LG Chem Showcase Advanced Batteries
Samsung Gevelops 5 Times Faster WiFi technology
Samsung Starts Mass Production of First 3-bit 3D V-NAND
Samsung Galaxy Tab Active Now Available For Pre-order
Samsung Announces Weak Q3 Guidance
Samsung to Build New Chip Plant In South Korea
Microsoft says Samsung owes Millions in unpaid Patent Royalties

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .