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US Consumers Sue Samsung, SK Hynix and Micron Technology, Inc. (MU.US) for Alleged DRAM Price Manipulation
2026-06-30 08:02:30 Samsung Electronics, SK Hynix and Micron Technology, Inc. (MU.US) are facing an antitrust lawsuit in the US. The three companies are accused of manipulating DRAM prices by deliberately reducing the supply of conventional DRAM under the pretext of expanding production of high-bandwidth memory (HBM), thereby driving up prices. The plaintiffs include 14 US consumers and three small and medium-sized PC assembly and distribution companies. They allege that since 2022, the three companies have systematically restricted DRAM supply, resulting in prices surging by about 700% over the past four years. The plaintiffs contend that the defendants used inventory management as a justification to cut output, while in reality artificially creating shortages to raise prices. The plaintiffs claim that in a highly competitive market, when one company reduces production, others typically increase output to gain market share. However, these three companies nearly simultaneously cut production or scaled back their DRAM product lines. As the DRAM market is an oligopoly dominated by Samsung, SK Hynix and Micron Technology, Inc. (MU.US), US consumers and small PC companies allegedly had no alternative but to rely on these suppliers. The plaintiffs are seeking a court order to require the companies to cease restricting supply and to award triple damages. (mn/j)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |