Infineon executives facing jail for memory price fixement

Posted on Monday, December 06 2004 @ 19:26 CET by Thomas De Maesschalck

Four senior executives of German chipmaker Infineon Technologies will serve jail time and pay steep fines for their role in a scheme to fix prices in the memory chip market, said the US Department of Justice.

The German executives Heinrich Florian, Günter Hefner and Peter Schaefer as well as American T Rudd Corwin each agreed to pay $250,000 (£128,600) and serve prison time of between four and six months, according to the Justice Department.

Read more at ComputerWeekly

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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