Samsung Sets Aside $100 Million In DRAM Investigation - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Hardware & Infrastructure

Samsung Sets Aside $100 Million In DRAM Investigation

Samsung Electronics Co. said it would set aside $100 million for costs in connection with a U.S. Justice Department investigation into alleged DRAM memory-chip price-fixing.

Samsung Electronics Co. said it would set aside $100 million for costs in connection with a U.S. Justice Department investigation into alleged DRAM memory-chip price-fixing.

The terse statement by Samsung confirmed that the funds were being set aside on behalf of its U.S. unit, Samsung Semiconductor. Korea-based Samsung is the world's largest computer-memory manufacturer.

"The outcome of this matter cannot be predicted at this time," Samsung Electronics said in a statement. "The company is unable to comment on an ongoing government investigation."

In addition to the U.S. Justice Department, the European Union's regulatory agency is investigating alleged price-fixing in DRAM memory. In September, Germany's Infineon Technologies AG paid $160 million in connection with the price-fixing investigations and agreed to help investigators.

Previously all parties being investigated, including Samsung, denied any wrongdoing in memory pricing.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of IT & Cybersecurity Operations 2020
The State of IT & Cybersecurity Operations 2020
Download this report from InformationWeek, in partnership with Dark Reading, to learn more about how today's IT operations teams work with cybersecurity operations, what technologies they are using, and how they communicate and share responsibility--or create risk by failing to do so. Get it now!
Slideshows
10 Cyberattacks on the Rise During the Pandemic
Cynthia Harvey, Freelance Journalist, InformationWeek,  6/24/2020
News
IT Trade Shows Go Virtual: Your 2020 List of Events
Jessica Davis, Senior Editor, Enterprise Apps,  5/29/2020
Commentary
Study: Cloud Migration Gaining Momentum
John Edwards, Technology Journalist & Author,  6/22/2020
Register for InformationWeek Newsletters
Video
Current Issue
Key to Cloud Success: The Right Management
This IT Trend highlights some of the steps IT teams can take to keep their cloud environments running in a safe, efficient manner.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll