Samsung Electronics Co., the world’s largest memory chip maker, agreed to pay $90 million to settle a 38-state lawsuit charging the company and others with price fixing, New York Attorney General Andrew Cuomo said Tuesday.
The suit, filed in July, claimed Korean-based Samsung and numerous other companies made secret arrangements to raise the prices of dynamic random access memory, or DRAM, chips. The memory chips are the most commonly used product for storing and retrieving information in computers and electronic devices.
