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Hynix makes $185 million price-fixing confession to US DoJ

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Hynix makes $185 million price-fixing confession to US DoJ

If nothing else, the US DoJ (Department of Justice) is remarkably good at nailing foreign memory makers for price-fixing. Hynix Semiconductor, it emerged today, is the latest firm to plead guilty in a far-reaching DRAM scandal and has agreed to pay the DoJ a $185 million fine.

The charge against Korean Hynix is the third-largest criminal antitrust fine in US history. It is, however, less than Hynix was prepared to pay. Last month, some nosey reporters discovered $341 million piled away in Hynix’s coffers just in case the DoJ came knocking.

Read the complete story. (the Register)