The EU is expected to announce a decision on the fines Wednesday with penalties as high as €300 million ($381 million). That sum may have been higher without the help of a settlement procedure introduced by the European Commission in 2008, which grants companies to a 10% reduction in fines if they admit to collusion. The commission can fine companies up to 10% of their global turnover for violating EU laws.
This news comes after US and South Korean antitrust regulators closed investigations of the flash memory industry last year, finding no evidence of a pricing cartel. In 2007, South Korean official also dropped a price-fixing investigation involving Samsung, Micron, Infineon, and Hynix.