Major RAM manufacturers sued for alleged price fixing

A class-action lawsuit, Garciaguirre et al. v. Samsung Electronics Co., Ltd., et al., accuses Samsung, SK Hynix, and Micron—companies that account for more than 90% of global DRAM revenue—of colluding to manipulate supply and push up prices for DDR3 and DDR4 RAM.

The complaint opens by saying the plaintiffs seek to "recover for—and stop—concerted anticompetitive behavior by three oligopolists in the market for dynamic random access memory." It alleges the firms have "fixed supply and prices for DRAM, engaging in conduct that makes no economic sense absent collusion and that has driven up the price of conventional DRAM (sometimes called commodity DRAM) approximately 700% in a four-year period." Plaintiffs say the companies reduced DRAM production despite soaring demand to focus on High Bandwidth Memory used in data centers, a shift that has left conventional DRAM scarce and more expensive for buyers.

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