Infineon admits price fixing; accepts $160M fine

September 15, 2004 – Infineon Technologies AG said it has agreed to plead guilty to charges of DRAM memory chip price-fixing from the US Department of Justice, and will pay a $160 million fine, one of the biggest antitrust fines ever levied in the US.

Under the settlement deal, Infineon will plead guilty to a felony count of price fixing, and also cooperate with the DOJ in investigating other DRAM manufacturers, in connection with an alleged price-fixing conspiracy between July 1999 and June 2002.

The amount of the fine will be covered by the company’s 3Q profits, paid in equal installments through 2009. Infineon also said is already been in contact with certain OEM customers to work out settlements with all of them as well.


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