Infineon pleads guilty to price fixing


— 2:38 AM on September 16, 2004

Ronald already caught this in the 'bread, but it's a big story, so I'm giving it a little extra attention. Infineon has pleaded guilty to fixing DRAM prices between 1999 and 2002. The company has agreed to pay a $160 million fine and cooperate with the US Department of Justice's ongoing investigation of DRAM price fixing by other manufacturers.

According to antitrust enforcers, Infineon was accused of participating in meetings with competitors in which they discussed DRAM prices for computer makers. It was also accused of exchanging DRAM sales information in order to monitor compliance with the price-fixing scheme.
The DOJ has already charged at least one Micron employee with obstruction of justice, and with Infineon's cooperation, we may soon see just how deep the rabbit hole goes.
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