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Samsung, SK Hynix, Micron Sued Over DRAM Price Fixing; Prices Up 700% in Four Years

GateNews
Stocks
DRAM-0.29%
According to Caixin, on June 25, Samsung, SK Hynix, and Micron faced a class-action antitrust lawsuit filed in U.S. District Court for the Northern District of California, alleging the three chipmakers colluded to manipulate DRAM supply and pricing since 2022, driving memory prices up roughly 700% over four years. Plaintiffs—14 individual consumers and three small businesses—claim the companies used a shift toward high-bandwidth memory (HBM) production as a pretext to artificially reduce DDR3 and DDR4 supply. If successful, defendants must pay triple damages, with potential expansion to all consumers and enterprises purchasing DRAM-containing products. Samsung and SK Hynix have prior U.S. penalties for early-2000s price-fixing schemes; Samsung paid a $300 million criminal fine in 2005.
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