Sunday, November 23, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Regin Trojan Enables Stealthy Surveillance: Symantec
ASTC Says 100 TB HDDs Coming in 2025
Alienware Alpha PC Gaming Console Now Shipping
Samsung Files ITC Complaint Against Nvidia
Europe To Ask Google Unlink Its Commercial And Search Services
Streaming TV Service Aereo Files for Bankruptcy
Square Launches Cash Register Service
Call of Duty: Advanced Warfare is the Biggest Entertainment Launch of 2014
Active Discussions
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
How to generate lots of different CDs quickly
 Home > News > PC Parts > EU Fine...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, May 19, 2010
EU Fine Chipmakers For Price-fixing


The European Commission today adopted its first settlement decision in a cartel case involving 10 producers of memory chips or DRAMS used in computers and servers.

The Commission has adopted a decision settling a cartel investigation and imposing a fine totalling €331 273 800 million on Samsung, Hynix, Infineon, NEC, Hitachi, Mitsubishi, Toshiba, Elpida and Nanya. The decision is also addressed to Micron, but because the company revealed the existence of the cartel to the Commission in 2002 it benefitted from full immunity from fines. All the companies are non-European except for one (Infineon, Germany), but they sell their products in the European Economic Area and, therefore, must also abide by EU law, which bans practices restrictive of competition. The case was also investigated in the United States.

The individual fines are as follows:



The overall cartel was in operation between 1 July 1998 and 15 June 2002, the EU said. It involved a network of contacts and sharing of secret information, mostly on a bilateral basis, through which they coordinated the price levels and quotations for DRAMs (Dynamic Random Access Memory), sold to major PC or server original equipment manufacturers (OEMs) in the EEA. DRAMs is a common model for "dynamic" semiconductor memories for personal computers (PCs), servers and workstations.

Elpida Memory has accepted the fine. Since the fine is within the range of a reserve already fixed for such issue in FY 2008, the company believes that the fine will not have a material impact on its current year (FY 2010) consolidated financial results.

NEC Corporation (NEC) also confirmed receipt of the Commission's decision. The fine will not affect the financial forecast in the "Full Year Consolidated Financial Results for the Fiscal Year Ended March 31, 2010" that was announced on May 12, 2010, NEC said.


Previous
Next
Electronics companies and Environmental Organisations Urge EU to Restrict More Hazardous Substances in Electronic Products in 2015        All News        QSTARZ Releases New GPS Travel Recorder
Renesas Ans AMD to Promote USB 3.0 Standard     PC Parts News      3TB Hard Disk Drives And Their Issues With Legacy OS

Get RSS feed Easy Print E-Mail this Message

Related News
Intel Labs Showcase Low-energy DRAM Memory
Kingston Leads the DRAM Module Industry: TrendForce
Mobile DRAM to Account for 40 Percent of DRAM Revenue in 2014
DRAM Trends For 2014
DRAM Market Reaches Maturity
Big Gains Forecast in Quarterly DRAM Selling Proces
DRAM Market Matures, Says IHS
Taiwanese ProMOS To Auction DRAM Plant
DRAM Makers Hit By Oversupply, Low Demand
PC Share of DRAM Market Dips As Tablet Shipments Soar
DRAM Pricing Remained Stable Despite Elpida's Bankruptcy
Bankruptcy-Bound Elpida Dethrones Micron from Third Rank in DRAM Market

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 .