EU accuses memory makers of price fixing

European Union regulators are set to charge ten - yes, TEN - memory chip makers with colluding to fix prices, breaking EU competition rules.

Reuters has learned that papers could be served as early as this week.

"A statement of objections is expected by Friday," a source told the newswire, referring to a charge sheet from the European Commission.

The list of companies to be charged includes all the biggest names in memory manufacturing: Samsung Electronics, Infineon, Hynix Semiconductor, Micron Technology, Elpida Memory Inc, NEC Electronics Corp, Hitachi Ltd, Toshiba Corp, Mitsubishi Electric and Nanya Technology.

The feeling is the companies will have a whip round for a few bob with which to shut the Commission up.

The watchdog could levy fines of up to 10 per cent of each company's turnover for breaking EU laws.