Infineon Technologies AG announced Wednesday it will plead guilty to violating anti-trust laws, and will pay a $160 million fine.
The computer chip maker said it reached an agreement with the U.S. Department of Justice’s antitrust division and will plead guilty to “a single and limited charge” related to the pricing in its Dynamic Random Access Memory business between July 1, 1999 and June 15, 2002.
Infineon, based in Munich, Germany, will be paid in equal installments through 2009. USA Today said the amount was the third largest antitrust fine.
Infineon operates in the United States from San Jose, Calif. The company also conducts research at the state University of New York’s Albany NanoTech site.
In July, the Center of Excellence in Nanoelectronics at UAlbany, Infineon and Genus Inc., a Sunnyvale, Calif., manufacturer of capital equipment for the semiconductor industry, announced they signed a letter of intent to enter into a $12 million, three-year partnership to develop computer-chip technology that incorporates nanotech materials.