Thursday, October 08, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Facebook to Test Emoji Icons
Lite-On Introduces New EP2 SSD With NVMe Protocol
SanDisk and HP Team Up to Create Memory-Driven Computing Solutions
IBM Takes On Intel's x86 Systems With New Linux Servers
LG Triples OLED TV Line-up, Slashes Prices
Apple's iBooks To Offer Enhanced Editions of Harry Potter Series
U.K. Physical Media Market To Keep Falling In Q3 2015
Amazon Debuts Handmade Store For Artisans
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 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.

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
Samsung Says Pay is Safe, Following Hack Attempt
Samsung 3Q Operating Profit Surges
Samsung To Use Snapdragon 820 Chips In Some Galaxy S7 Phones: report
Samsung Rejects Press Claim On TV Compliance Testing
Samsung Expands Radiant360 Speaker Series
Samsung SE370 Is The First Wireless Charging Monitor
Samsung Gear S2 Coming In the U.S. October 2
Samsung Pay Launches In The U.S.
Samsung Opens New Semiconductor Component Headquarters for Americas
Samsung and Sectra To Work On Secure Smartphones for European Governmental Agencies
Next Generation of S Health Expands Compatibility to Other Android Devices
New Samsung 950 PRO SSD Reads At 2500MBps

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .