Samsung Reaches Settlement with DoJ in Industry-wide DRAM Antitrust Investigation

Business Wire, Oct 13, 2005

SAN JOSE, Calif. -- Samsung Electronics Ltd. announced today that it and Samsung Semiconductor have reached an agreement with the United States Department of Justice Antitrust Division (DoJ) regarding a single charge related to the violation of U.S. antitrust laws in connection with pricing in its certain Dynamic Random Access Memory (DRAM) business. Consequently, with regard to the DoJ's ongoing industry-wide investigation, the matter has been fully resolved between Samsung and the DoJ.

Under the terms of the agreement, Samsung has agreed to pay a fine of US $300 million. Samsung strongly supports fair competition and ethical practices and forbids anti-competitive behavior. Samsung is committed to growing its business and serving its customers by investing in R&D and advanced manufacturing and developing value-added technology.

About Samsung Electronics

Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2004 parent company sales of US$55.2 billion and net income of US$10.3 billion. Employing approximately 113,600 people in over 90 offices in 48 countries, the company consists of five main business units: Digital Appliance Business, Digital Media Business, LCD Business, Semiconductor Business and Telecommunication Network Business. Recognized as one of the fastest growing brands, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones, and TFT-LCDs. For more information, please visit www.samsung.com