Samsung Semiconductor, Inc. designs and manufactures semiconductors, LCD panels, and storage products for mobile, desktop computing, consumer electronics, and industrial communication systems applications. It offers various types of semiconductors, including memory chips, flash and SSD devices, system logic devices, and ASICs; LCD panels for televisions, monitors, notebooks, and DIDs; and storage devices, such as hard disc, optical disc, and solid state drives. The company’s products are used in servers, desktops, notebooks PCs, routers, and telecommunication equipment; printers, monitors, network storage devices, and RAID systems; mobile phones, PDAs, smart phones, MP3 players, digital stil...
3655 North First Street
San Jose, CA 95134-1713
Founded in 1983
Plaintiffs Reaches Settlement in Class Action Against Samsung and Hynix for Alleged Unlawful Price Fixing of Dynamic Random Access Memory
May 31 13
The Plaintiffs in class actions filed in British Columbia, Ontario and Québec claim that Samsung Electronics Co. Ltd., Samsung Semiconductor Inc., Samsung Electronics America, Inc. and Samsung Electronics Canada Inc. (Samsung) and Hynix Semiconductor Inc., Hynix Semiconductor America Inc. and Hynix Semiconductor Manufacturing America, Inc. (Hynix), and numerous other DRAM manufacturers conspired to fix the prices for DRAM or products which contain DRAM in Canada. DRAM is a type of memory commonly used in computers and communication devices. On May 31, 2013, the parties to the lawsuit announced settlements with the defendants Samsung and Hynix which are subject to court approval. Samsung will pay CAD 22,600,000 and Hynix will pay CAD 15,600,000 for the benefit of settlement class members and will each provide cooperation that will assist with prosecuting the ongoing actions against remaining defendants in exchange for a full release of claims against them and their related entities. Residents of Canada or the United States at the time of purchase and/or at the time of notice, who purchased DRAM or products which contained DRAM in Canada between April 1, 1999 and June 30, 2002 are settlement class members.