Samsung Exec Pleads Guilty to Price Fixing
Il Ung Kim, vice president of marketing for the memory division at Samsung, is the sixth Samsung executive to agree to plead guilty in the case, the department said. He agreed to serve 14 months in a U.S. prison, the department said.
To date, courts have imposed criminal fines totaling more than $730 million against members of the computer chip cartel, the department said. A total of 18 individuals and four companies have been charged as a result of the investigation.
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This price fixing just shows how much power they have in this industry. There are no other companies that could compete with them, so they went even further and fixed prices. They need someone to compete against. Anyone with such power can become corrupt, I think we all know that. Are there anyAmerican comanies making chips anymore?
