1. Skip to content
  2. Skip to main menu
  3. Skip to more DW sites

Four Infineon Execs Face Jail in US

December 3, 2004

Three German executives and an American with German microchip giant Infineon Technologies face jail terms and fines under plea agreements to settle a US probe into

price-fixing, the Justice Department said Thursday. The plea agreements were the latest developments in a US investigation into price-fixing of dynamic random access memory (DRAM) chips, a widely used semiconductor memory product for computers, mobile phones, music players and other electronic devices. A Justice Department statement cited plea agreements with three German executives -- Heinrich Florian, Günter Hefner and Peter Schäfer -- who agreed to six, five and four months in prison respectively. T. Rudd Corwin, a US citizen, agreed to a four-month prison sentence. Each of the four also agreed to pay a $250,000 (€187,400) fine. The four Infineon executives were charged with participating with co-conspirators in "a conspiracy" with other unnamed firms to fix prices between 1999 and 2002. On Oct. 20, the company pleaded guilty to a charge of participating in the same conspiracy and was ordered to pay a $160 million criminal fine -- the third largest fine in antitrust history. Officials said the probe was continuing.

Skip next section Explore more
Skip next section DW's Top Story

DW's Top Story

Skip next section More stories from DW