Saturday April 28, 2018

DRAM Manufacturers Slapped with Lawsuit over Supply Collusion, Price Gouging

A new class action lawsuit filed by law firm Hagens Berman alleges that Samsung, Hynix, and Micron have "conspired to artificially limit the supply of DRAM chips in an effort to keep prices high." The price of 4GB of DRAM rose 130 percent July 1, 2016 through February 1, 2018, and the litigants insist that such increases were intentionally planned.

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It is also alleged that even though prices for DRAM more than doubled during the class period, the costs for Samsung, Micron and Hynix associated with producing the memory chips did not increase. Likewise, there were no major changes in process technology to justify the drastic increase in prices.