After being fined $408 Million for a price fixing scheme by the EU, last week six DRAM manufacturer’s have reached a settlement in a similar antitrust case with 33 US States.
The six companies, Micron, NEC, Elpida, Hynix, Infineon and Mosel Vitelic were a part of a group accused of participating in a price-fixing cartel between 1998 and 2002. While one of the members, Samsung, reached a settlement in 2007, six more have finally agreed to a $173 million split to settle the 2006 class-action lawsuit.
The money will be split amongst the 33 US states and private plaintiffs. Additionally the companies will not engage in illegal price-fixing and require employee training.
The U.S. Department of Justice conducted its own federal investigation in 2002 and Samsung, Infineon, Hynix and Elpida, along with 12 individuals were found guilty of criminal price-fixing.