"We have profited about 30 percent on memory sales, and such a high profit rate would be impossible if we were selling chips at half price,” Chu Woo-sik said during a conference call with institutional investors on Friday.
“There are many give-and-take deals between Samsung and Apple, so if you consider all those factors then you will come to know that we are not giving an advantage to Apple,” he added.
Read an article from The Korean Times here.
Hat tip to Joe of the Pinehurst Thread for the link.
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The US DOJ announced that it would be slapping Samsung with a $300 million fine for its role in fixing DRAM prices.
Samsung joins the likes of Infineon and Hynix who pled guilty for the same offense and paid fines of $160 million and $185 million respectively. US based Micron was the first “rat to bat” and escaped a fine, but was a player in the price fixing scheme.
The Korea Fair Trade Commission may soon be investigating Samsung – that according to its Chairman, Kang Chul-kyu who is waiting for the Korea Portable Audio Consortium (KPAC) to file a complaint against Samsung for selling Apple Computer flash memory an estimated 10% below market.
Apple Computer added to Samsung’s woes this week when it announced that it had decided not to partner with Samsung in a $3.8 billion dollar investment in flash memory production. A Reuters story quotes an unnamed official as stating that the “anti-Samsung sentitment had recently deepened among some political and civic groups.”
Hat tip to The1stBA of the Pinehurst Thread.
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