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Infineon executives facing jail for memory price fixement

Posted on Monday, December 06 2004 @ 19:26:02 CET by


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.

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