Chip maker fined for price fixing German chipmaker Infineon is to pay fine for fixing prices of computer chips. The company said it had agreed to plead guilty to US Justice Department charges of conspiring with other unnamed manufacturers to fix prices of DRAM (dynamic random access memory) chips. It will pay a $160 million fine to compensate clients, one of which is Apple. A statement from the company reads: “Accepting responsibility for the mistakes made by certain employees and resolving this matter is in the best interests of our company, our shareholders and our employees.” The fine is...Read More
Day: February 16, 2011
Nexus 7 refresh tipped for July: Is cheaper better for Google? The Nexus 7 tablet will turn one in July, and a new report claims that Google plans on giving the popular slate a makeover to celebrate. Annual makeovers are nothing new for gadgets, but Reuters reports that Google might have a trick up its sleeve for this particular refresh: An even more wallet-friendly price tag for the already cheap tablet. Google never disclosed sales figures for the Nexus 7, which is manufactured by Asus, but according to analytics firm Localytics Google’s tablet owns 8 percent of the global...Read More
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