Thursday, April 19, 2007

Another DRAM price fixer agrees to prison

Il Ung Kim, vice president of marketing for the memory division at Samsung, has agreed to plead guilty to a single count of price fixing and serve 14 months in a United States prison. Kim is the sixth Samsung executive to agree to plead guilty and agree to a prison sentence in the DRAM investigation.

Kim admits that he participated in the price-fixing conspiracy by:

Engaging in communications with representatives of other DRAM producers and sellers, during which pricing information was exchanged between competitors. That pricing information was used for the purpose and with the effect of influencing the price of DRAM sold to certain OEMs;

Reaching understandings with other DRAM producers and sellers, the ultimate effect of which was to stabilize and raise the price, or limit the rate of price declines, of DRAM sold to certain OEMs; and

Encouraging the involvement of other Samsung employees in the DRAM conspiracy.

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