In 2002, the U.S. Justice Department launched an investigation to look into alleged price fixing in the DRAM computer chip market. The investigation resulted in $731 million in fines, which was the second largest antitrust recovery ever recorded.
Gary Swanson, an executive at Hynix, a computer chipmaker, was indicted by the Justice Department in October 2006 and charged with joining a global conspiracy to fix prices and rig bids in the DRAM industry. Fifteen other individuals, along with four corporations (Samsung, Infineon Technologies, Hynix and Elpida Memory), were also charged in connection with the massive federal investigation into antitrust violations that were carried out through a worldwide cartel in the DRAM industry. (DRAM, which stands for dynamic random access memory, allows for high-speed computer storage and is an essential component for computers and other electronics.)
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