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Samsung, Micron, SK Hynix sued again over alleged DRAM price fixing

Samsung, Micron, and SK Hynix are facing yet another class-action lawsuit over allegedly fixing the prices of memory used in iPhones, Macs, and nearly every other computing device, with the memory producers accused of collusion to raise prices in the DRAM market.Filed on May 3, the lawsuit alleges that Samsung, Hynix, and Micron are working together to artificially inflate the cost of memory. By having a near-total dominance of memory production as a group, the three supposedly had the ability to control memory pricing with relative ease.The way the trio allegedly controlled that pricing was by artificially limiting the supply of memory on the market. By supposedly creating a shortage of DRAM chips, the high demand for the components therefore resulted in raised pricing. Read more…
Source: Apple Insider News and Secrets on New Apple Products

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