Class Action Lawsuit Accuses The Three Largest RAM Manufacturers Of Colluding To Drive Up Prices
Summary
Seventeen individual plaintiffs, including three small computer retailers—Troy’s Computers LLC, JB Tech Solutions LLC, and WNTD Fab LLC—filed a class action lawsuit on June 25 in the Northern District of California against Samsung, SK Hynix, and Micron Technology. The suit alleges the three companies, which together control roughly 90% of the global DRAM market, are colluding to keep RAM supplies artificially low and inflate prices, using the rising demand from AI data centers as a pretext for their conduct. The plaintiffs cite prior DRAM price‑fixing convictions of Samsung and Hynix executives in 2005 and note the manufacturers’ stock prices have surged over 1,000% in the past five years. The case, Garciaguirre et al v. Samsung Electronics Co., Ltd. et al, seeks damages for alleged anticompetitive behavior.
(Source:Google News)