Rotten Company

Hynix agreed to plead guilty and pay $185 million over DRAM price fixing

Company: SK hynix Inc.

Summary

The U.S. Department of Justice announced that Hynix Semiconductor Inc. (now SK hynix) agreed to plead guilty and pay a $185 million fine over a DRAM price-fixing conspiracy alleged to have run from April 1, 1999 through June 15, 2002. At announcement the agreement and fine remained subject to court approval. Direct DOJ source: https://www.justice.gov/archive/opa/pr/2005/April/05_at_207.htm Subsequent DOJ account confirms Hynix pleaded guilty and was sentenced in May 2005: https://www.justice.gov/archive/atr/public/press_releases/2006/219102.htm