German chipmaker Infineon is to pay fine for fixing prices of computer chips.

The company said it had agreed to plead guilty to US Justice Department charges of conspiring with other unnamed manufacturers to fix prices of DRAM (dynamic random access memory) chips. It will pay a $160 million fine to compensate clients, one of which is Apple.

A statement from the company reads: "Accepting responsibility for the mistakes made by certain employees and resolving this matter is in the best interests of our company, our shareholders and our employees."

The fine is the third-largest in US anti-trust history, according to Reuters.

The company is also responding to a European Commission request for information on practices in the European market.

DRAM chips are used in products including mobile phones, hand-held organisers, digital cameras, TV sets, games and MP3 music players.

Prices of DRAM chips are currently around $4.50. In July Infineon said that chip prices would fall "well below" $4, but Reuters reports that an Infineon spokesman would not repeat that claim, saying only that they would be "below $4".