Four Infineon executives guilty of DRAM price-fixing

Four executives at German memory vendor Infineon Technologies and its U.S. subsidiary have pled guilty to charges of illegally setting prices for PC memory chips, the U.S. Department of Justice (DOJ) announced Thursday.

The sales executives admitted to a scheme to artificially set prices for DRAM (dynamic RAM) memory with other co-conspirators, who were not named in a DOJ press release Thursday. Their sentences include jail time and hefty fines, the DOJ said.

Two of the executives worked at Infineon's headquarters in Munich. Heinrich Florian, Infineon's vice president for sales, marketing, and logistics and vice president for marketing and logistics during 2001 and 2002, will serve a six-month prison sentence and pay a US$250,000 fine. Gunter Hefner, vice president of sales for memory products, will spend five months in prison and pay a US$250,000 fine for his role in the scheme during that period.

The other two executives worked at Infineon North America's San Jose, California, office. Peter Schaefer was vice president of marketing, sales and logistics in San Jose during 2001 and 2002, and will serve a four-month prison sentence for his role in the conspiracy. T. Rudd Corwin was vice president for customer marketing and sales of memory products from 1999 to 2002, and will serve a four-month sentence for price-fixing activities during those years. Both Schaefer and Corwin will also pay a US$250,000 fine.

The DOJ has been investigating allegations of DRAM price fixing since 2002. Earlier this year, Infineon pled guilty to corporate price-fixing charges and agreed to pay a US$160 million fine.

"These four executives are the first to plead guilty to a charge of fixing prices in what is still a very active and far-reaching investigation into antitrust violations in the DRAM industry," said Scott Hammond, the DOJ's director of criminal enforcement in the antitrust division, in the release. "We will continue in our efforts to bring to justice other domestic and foreign-based executives who were involved in fixing DRAM prices."

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Tom Krazit

IDG News Service
Show Comments

Cool Tech

Breitling Superocean Heritage Chronographe 44

Learn more >

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?