The European Commission has announced a settlement decision in a cartel case that involved ten producers of DRAM memory chips. The fine, which totals €331,273,800 (around £286 million) includes a reduction of 10% for the companies' acknowledgement of the facts. The companies involved were Micron, Samsung, Hynix, Infineon, NEC, Hitachi, Mitsubishi, Toshiba, Elpida and Nanya. Micron was not fined because it revealed the existence of the cartel to the Commission in 2002. Only one of the companies – Infineon – was based in Europe but all sell their products in the European Economic Area (EEA) and must abide by EU law.