Samsung, micron and hynix are sued for fixing drama prices

It is said that Samsung has not always played fair when it comes to selling its DRAM memories. A class action lawsuit alleges that the company, along with two other major manufacturers, was limiting supplies of DRAM chips to purposely inflate prices.

Samsung, Micron and Hynix in trouble for setting prices for DRAM memories

The lawsuit was filed in the US District Court by the Hagens Berman law firm on behalf of US consumers who purchased DRAM-using smartphones and computer products between July 1, 2016 and July 1. February 2017.

The lawsuit cites an investigation conducted by Hagens Berman's antitrust attorneys who claim to have discovered that Samsung, Hynix and Micron, who collectively constitute 96% of the global DRAM market, colluded to limit the supply of the chips, resulting in " illegally inflated prices . " It was only when the Chinese government announced an investigation into the situation in 2017 that "behavior changed abruptly, " the file says.

DRAM demand increased 77% in 2017, after a decrease of 8% in 2016. The price of chips rose 47% during the established time period, according to the law firm, the highest in almost 30 years. As a result, DRAMs sales revenue more than doubled for all three companies.

Hagens Berman already filed a similar lawsuit in 2006 against 18 companies for pricing DRAM memories, as a result, they reached a settlement of $ 300 million. Everything seems to indicate that this new demand will be multimillion-dollar.

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