Samsung pleads guilty
Samsung pleaded guilty today to charges that it participated in price fixing. This is significant because Samsung is the largest computer chip maker in the world. In price fixing, Samsung affected the price of computers all over the world. The computer industry is only getting bigger and with news that the largest chip maker participated in price fixing will this affect the market? Most likely not the demand for computers because everybody needs a computer, but it will affect the overall image of the company. This could be damaging because of the competitiveness of the industry. It is hard to believe that the largest maker would want to jeopardize its status within the industry, but it may have felt the pressure from newcomers in the market and other companies that had the inside track.