Samsung, SK Hynix, Micron Sued in US over Memory Price Fixing
3 days ago
- #class-action-lawsuit
- #memory-price-fixing
- #dram-supply-collusion
- Samsung, SK hynix, and Micron sued by US consumers and small businesses for alleged memory price fixing, with claims of collusion since 2022 causing D-RAM price increases of about 700% over four years.
- Plaintiffs accuse the companies of reducing D-RAM supply under the guise of transitioning to high-bandwidth memory (HBM), discontinuing older DDR types, and cite Apple's recent price hikes as a trigger for the lawsuit.
- The lawsuit, currently small-scale, could expand into a class action if approved, with plaintiffs seeking triple damages, and it follows past guilty verdicts for price fixing by Samsung and SK hynix in the early 2000s.
- Despite concerns, industry forecasts suggest the lawsuit will not impact memory prices until at least the end of the year, while the representing law firm aims to include all consumers and businesses that purchased D-RAM products.