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    Home IT Management
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    Chip Execs Indicted for Price Fixing

    By
    Wayne Rash
    -
    October 18, 2006
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      WASHINGTON—The United States Department of Justice announced Oct. 18 that a federal grand jury in San Francisco has indicted two Samsung executives and one executive from Hynix Semiconductor in a scheme that held the prices of dynamic random access memory artificially high.

      The three executives are Ung Kim, Young Bae Rha and Gary Swanson. Kim and Young are Samsung executives and are citizens and residents of Korea. Gary Swanson was a senior vice president at Hynix Semiconductor and is a resident and citizen of the United States.

      The indictment charges that the three men, along with several others who have already pleaded guilty, conspired to fix memory prices through phone calls and meetings in which they agreed how much to charge manufacturers for memory chips.

      The Oct. 18 indictments were sought by the DoJs Antitrust Division. If convicted, all three men could receive sentences of up to three years in prison and fines of up to $350.000.00.

      However, under the provisions of the Sherman Antitrust Act, the fines could be substantially higher—up to twice the gain realized by the illegal acts.

      According to the DoJ complaint, the alleged DRAM price fixing took place between April, 2001 and June 2002. Thirteen executives of the two companies as well as Micron and Infineon have already pleaded guilty and agreed to prison time and/or substantial fines.

      Pioneer files complaint against Samsung on patents.

      Click here

      to read more.

      In September, a fourth Samsung executive, Thomas Quinn, agreed to fines of $250,000.00 and an eight-month prison term.

      According to the DoJ, the DRAM price fixing investigation has resulted in criminal fines and penalties of $731 million.

      The department said that this is the second highest total obtained by the Antitrust Division in a specific industry investigation.

      The investigation is ongoing.

      Scot Ferguson contributed to this article.

      Check out eWEEK.coms for the latest news, reviews and analysis on IT management from CIOInsight.com.

      Wayne Rash
      https://www.eweek.com/author/wayne-rash/
      Wayne Rash is a freelance writer and editor with a 35-year history covering technology. He’s a frequent speaker on business, technology issues and enterprise computing. He is the author of five books, including his most recent, "Politics on the Nets." Rash is a former Executive Editor of eWEEK and a former analyst in the eWEEK Test Center. He was also an analyst in the InfoWorld Test Center and editor of InternetWeek. He's a retired naval officer, a former principal at American Management Systems and a long-time columnist for Byte Magazine.
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