Nine Chip Makers Fined $400M In EU For Price Fixing 215
eldavojohn writes "In a disturbing case for average consumers, nine DRAM chip manufacturers have been fined more than $400 million for price fixing. The named companies are Samsung, Hynix, Infineon, NEC, Hitachi, Mitsubishi, Toshiba, Elpida, and Nanya. A tenth company, Micron, avoided fines by reporting the other nine to the authorities. Since all companies cooperated with the probe, they received a 10% reduction in fines, so it could have been worse. The US DoJ has had its own history with chip makers and LCD makers in price fixing scandals."
Re:again? (Score:3, Funny)
Re:Disturbing? (Score:4, Funny)
Of course, the gov't will reduce our taxes by the $400 million...
Hahaha, I knew I couldn't write that with a straight face!
Re:400M goes to who? (Score:3, Funny)
Consumers around the world will be paying more for their DRAM chips, but EU citizens will be getting more services or paying less in taxes because the coffers of a nation are fed, so it kinda cancels out for consumers (non-EU nations of course should fine these companies too if they haven't already to be in the same situation).
EU (Score:2, Funny)
That damn Marxist, communist, fascist EU fines perfectly good companies for no reason.
Luckily good ole US of A well let companies do their business without intervention. The market will sort out the price fixing.
Re:Disturbing? (Score:4, Funny)
Re:Disturbing? (Score:4, Funny)
What's this dollar you mention?
Re:Disturbing? (Score:3, Funny)
Re:Disturbing? (Score:3, Funny)
$400M CAD... isn't that all of them?