this post was submitted on 29 Jun 2026
263 points (99.3% liked)

Technology

85815 readers
3515 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 3 years ago
MODERATORS
L3s@lemmy.world
enu@lemmy.world
technopagan@lemmy.world
L4s@lemmy.world
L3s@hackingne.ws
263
Samsung, SK hynix, Micron Sued in US Over Memory Price Fixing (www.rockpapershotgun.com)
submitted 11 hours ago* (last edited 8 hours ago) by FlashMobOfOne@lemmy.world to c/technology@lemmy.world
14 comments fedilink hide all child comments
 

The lawsuit is small in scale so far, but if the court accepts the plaintiffs' claims and formally approves it as a class action, it could expand. Bathaee Dunne, the antitrust law firm representing the plaintiffs, is aiming for a class action representing all general consumers and businesses that purchased products containing D-RAM. The firm previously won a case alleging collusion in Google's digital advertising. If the plaintiffs ultimately prevail in the class action, the defendant companies would have to pay triple the damages.

The fact that Samsung Electronics and SK hynix have previously been found guilty of collusion in the United States is also a concern. Both companies were found to have engaged in price fixing in the US in the early 2000s, resulting in large fines as well as prison sentences for executives. However, industry players including investment bank Jefferies forecast that the lawsuit will not affect memory prices at least until the end of this year.

you are viewing a single comment's thread
view the rest of the comments
[–] Tim_Bisley@piefed.social 33 points 10 hours ago (2 children)

How much was the fine for the last price fixing lawsuit?

[–] SaveTheTuaHawk@lemmy.ca 20 points 9 hours ago

$43. That'll teach em.

[–] MasterBlaster@lemmy.world 11 points 10 hours ago (1 children)

Interesting. The story I've been hearing is it's a supply problem caused a massive demand for the Nvidia AI chips and the ultra-fast RAM they require.

I just saw a report from SK Hynix (that triggered chip stock selloffs) that they were dialing back on production for the next generation NVidia chips. The market figured that was evidence of soft demand.

Turns out that was because those were delayed, so they decided to build more of the lower speed RAM, which I think is the stuff consumers are needing. Working from memory here, so details are likely off.

Anyway, the problem may be more about producing for the most profitable market rather than price fixing.

I look forward to the outcome. It will be nice to know the situation from an objective source.

Full disclosure, I own shares of FKLR which is an ETF of the South Korean market index that is dominated by these two companies.

It's doing poorly just now due to that report I mentioned and a bunch of other things.

[–] Tim_Bisley@piefed.social 8 points 9 hours ago (1 children)

Looks like the previous fine was 185 million.

[–] MonkderVierte@lemmy.zip 6 points 7 hours ago

Literally pennies compared to the billions made.