Samsung, SK hynix, and Micron sued in class action alleging coordinated DRAM price fixing and supply restriction

Summary

A class action lawsuit filed in California accuses Samsung, SK hynix, and Micron — which together control roughly 90% of the global DRAM market — of illegally coordinating to restrict DRAM supply and inflate prices, which have risen approximately 700% over four years. The complaint alleges the companies used a coordinated shift toward HBM (high-bandwidth memory) as a cover to curtail production of DDR3 and DDR4 memory, violating Section 1 of the Sherman Act. The case, Garciaguirre v. Samsung Electronics, was filed on June 25th in the U.S. District Court for the Northern District of California.

Source

bskySamsung, SK hynix, and Micron sued in class action alleging coordinated DRAM price fixing and supply restrictiontomshardware.com