Sunday, July 23, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Lyft Forms Autonomous Vehicle Unit
More Than Half German Companies Hit by Sabotage, Spying, BSI says
Intel, Microsoft and Amazon Side with Apple in Qualcomm's iPhone Ban Dispute
Samsung Galaxy Note 8 to debut on Aug. 23
Apple Turns to LG Chem for iPhone 9 Batteries
Microsoft Reports Strong Profit on Cloud Demand
Intel Introduces Movidius Neural Compute Stick
TSMC InFO packaging Enters Second Generation
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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
Samsung Galaxy Note 8 to debut on Aug. 23
Samsung Pay Gets Paypal Support
Samsung Debuts First Cinema LED Display
Samsung Galaxy A7 Smartphone Released
Samsung and TSMC Are Playing Catch-up to Make the Smallest Chip
Samsung and LG Benefit From High OLED Demand but Strategy Shifts May be Required
Memory Prices Boost Samsung's Record Q2 Profit, Plans Smart Speaker
Samsung releases Rose Pink Edition of the Galaxy S8+
Samsung to Open $380 Million Home Appliance Manufacturing Plant in South Carolina
Samsung Foundry Focuses on 6nm Process to Beat TSMC
Smart Switch App Lets you Move Everything from your Old Phone to a Newer Galaxy Device
Samsung to Open Home Appliance Factory in South Carolina

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .