Prosecution Raids Montage Technology and 2 Others Over 'Semiconductor Component Collusion'
The prosecution has detected signs of domestic collusion among global semiconductor component suppliers and has launched a compulsory investigation.
Seoul Central District Prosecutors' Office, Seocho-gu, Seoul. Yonhap News Agency
View original imageAccording to the legal community on July 15, the Fair Trade Investigation Department of the Seoul Central District Prosecutors' Office (headed by Prosecutor Na Heeseok) conducted a search and seizure operation at the Korean offices of Montage Technology, a Chinese semiconductor design specialist, Renesas Electronics of Japan, and Rambus of the United States, on suspicion of violating the Fair Trade Act.
These companies are suspected of price collusion while supplying semiconductor components to Samsung Electronics and other firms.
It is understood that, during the search and seizure, the prosecution secured the mobile phones and other items belonging to some company officials.
Hot Picks Today
"No Wonder It Soared Today... Morgan Stanley Eyes 3 Million Won Target—Which Stock Is It?"
- "Who Wants to Hire 40 Skilled Kimbap-Making Women?"... A 'Suspicious Ad' Appears Online
- "Why Waste Scorching Subway Heat? New York Launches 1.1 Billion Won 'Innovative Experiment'"
- "If You're So Sure, Try It Yourself": 44-Year-Old Father Admitted to Prestigious University After Daughter's Challenge
- "This Is Not Right, Chairman"...Flood of Criticism over SK hynix's Pursuit of 'Five-Layer Duplicate Listing'
Montage Technology and the other companies are known to have supplied components to major semiconductor manufacturers, including Samsung Electronics and SK hynix.
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
