• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Crime / Courts / Iowa joins suit against computer chip maker

Iowa joins suit against computer chip maker

July 19, 2006 By admin

Iowa has joined with 33 other states in a lawsuit against eight manufacturers of computer memory chips. Bob Brammer, a spokesman for Iowa’s Attorney General, says the companies tried to artificially push up the price of their memory chips.

Brammer says the companies conspired to fix prices from 1998 to June of 2002. He says the lawsuit seeks penalties, prohibition on future illegal conduct, and damages.

Brammer says this civil lawsuit follows federal criminal action. He says federal officials got guilty pleas from most of the companies and some 700-million dollars in fines. Brammer says the states are seeking some restitution from the companies in the civil action.

Brammer says the civil suit has another purpose. Brammer says it sends a message that you can’t have price fixing among competitors to drive up the price of a product. Brammer says the companies involved in the suit are: Elpida, Hynix, Infineon, Micron, Mosel Vitelic, Nanya, and NEC. Brammer says they supplied memory chips to all major manufacturers of computers.

Share this:

  • Facebook
  • Twitter

Filed Under: Crime / Courts, Technology Tagged With: Technology

Featured Stories

All bodies of missing now recovered from rubble of collapsed Davenport building

Governor signs child care expansion into law

Iowa seniors have until July 1 to apply for new property tax break

Smoke from distant fires creates colorful sunrise in Iowa

DOT’s Motor Vehicle Enforcement Division to merge into State Patrol

TwitterFacebook
Tweets by RadioIowa

Hawkeye women to play Virginia Tech

Radio Iowa/Baseball Coaches Association High School Poll 6/5/23

Iowa eliminated at NCAA regional

Iowa names Beth Goetz interim AD

Cyclone Trio Invited to USA Basketball U19 Training Camp

More Sports

Archives

Copyright © 2023 ยท Learfield News & Ag, LLC