US DOJ investigates Mitsubishi's prior SRAM biz

Darren Murph
D. Murph|10.17.06

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US DOJ investigates Mitsubishi's prior SRAM biz
It's been several years since Mitsubishi bailed out of the crowded SRAM business, but apparently the US Department of Justice still has a bone to pick with the mega corporation. After handing off its SRAM operations to Renesas -- "a joint venture founded by Mitsubishi and Hitachi" in 2003 -- the firm had seemingly bypassed the barrage of DOJ inquisitions which pinned Samsung with a $300 million fine and led the Korean FTC to examine the uber-low NAND memory prices that only Apple seemed to be receiving. Now the anti-trust agency has tagged its third victim regarding the US SRAM market, but has yet to explain what issue(s) piqued their interest. Mitsubishi, however, is seemingly already hanging its head in shame, as it made statements insinuating that unforeseen penalties could be faced, and noted that the probe could lead to "a possible adverse affect on the company's future business performance." While we aren't exactly sure what skeletons may still be in Mitsu's closet, we've certainly been forewarned that potentially harmful discoveries could be imminent.
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