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Micron To Settle Antitrust Lawsuit For $66.7M

Wed, 03/05/2014 - 2:13pm

BOISE, Idaho (AP) -- Boise-based computer chip maker Micron Technology has agreed to pay about $66.7 million to settle an antitrust lawsuit.

Attorney General Lawrence Wasden announced on Tuesday the settlement of the lawsuit Idaho and 34 other states brought against Micron and 11 other makers of dynamic random-access memory, or DRAM.

The total amount of the settlement involving the 12 chip makers is $311 million. Samsung agreed to pay $113 million, with the next highest amount being Micron.

The settlement means consumers can start filing claims to recoup the money they overpaid as a result of chip makers engaging in unlawful anti-competitive practices to inflate prices.

DRAM is a common form of memory chip used in computers, printers, digital music players and other products.

A Micron spokesman didn't return a call from The Associated Press on Wednesday.

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