Attorney General Tom Miller said Tuesday that Iowa is among a group of states that have reached a $90 million nationwide settlement with Samsung Semiconductor, Inc., and Samsung Electronics Company Ltd., resolving allegations that Samsung illegally fixed prices with other major computer chip manufacturers of Dynamic Random Access Memory (DRAM).

The settlement, which requires court approval, will provide restitution to consumers and certain governmental agencies that paid more for computers, servers and other electronic devices because of alleged price-fixing. Decisions on how the settlement money will be distributed will be made later when continuing litigation against other DRAM manufacturers is resolved.

Samsung also has agreed to strong injunctive relief that will require the company to refrain from conduct that could substantially lessen competition, and Samsung must cooperate with the states in continuing litigation against other companies alleged to have participated in the illegal activity. Samsung admits no violation in the settlement.

The states’ suit arose from a multi-state investigation that began in 2004, following a federal criminal investigation. The investigations exposed a scheme in which several DRAM manufacturers profited at the expense of consumers in the computer and electronics industry. The states’ complaint alleged details of the conspiracy, including an agreement by industry leaders to trim production in order to artificially raise prices.