Class-action suit alleges Samsung, Micron, and SK Hynix fixed DRAM prices
by from Techreport on (#3P54X)
There's no getting around it: RAM prices are extremely high, and they've been that way for a while now. The high cost of memory has caused more than a few grumblings of price fixing, but nobody had taken action until this past Friday. Law firm Hagens Berman, representing a collection of consumers, has filed a class-action lawsuit against Samsung, Micron, and SK Hynix, accusing the companies of colluding to increase the cost of DRAM.
According to Hagens Berman, the three named companies controlled 96% of the worldwide DRAM market from July 2016 to February 2018. During that period, DRAM prices jumped 130%. The firm says that collectively, the DRAM vendors' revenues increased by more than ...