Alleged price fixing memory companies settle for $160 million

Three PC memory manufacturers will pay $160 million to settle an antitrust case brought against them by small to medium sized businesses that purchased chips directly from the companies. Not all have settled, however, with five other defendants set to appear in court in February 2007.

Samsung will pay $67 million, and Infineon $21 million in the class action suit. Hynix would also pay $73 million, but its settlement is not expected to gain approval by the court until next week. In the end, lawyers say total damages could be worth hundreds of millions of dollars.

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