Samsung, Hynix execs indicted over price fixing
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Executives of Samsung Electronics and Hynix Semiconductor have been indicted as part of a U.S. government investigation into price fixing in the memory chip business, the Department of Justice said. A federal grand jury in San Francisco handed down indictments Wednesday against two executives from Samsung and one from a Hynix U.S. subsidiary, the Department of Justice said in a statement.
The indictment charges that Samsung executives Il Ung Kim and Young Bae Rha and Hynix’s Gary Swanson participated in the conspiracy during 2001 and 2002, the government said. The government has blamed the alleged price fixing for driving up the price of chips used in personal computers, servers, cell phones, cameras and game consoles.
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