Why Samsung, SK Hynix And Micron Are Facing A Major US Lawsuit Over RAM Prices

Times Now
Samsung, SK Hynix, and Micron face a US class-action lawsuit for allegedly restricting DRAM supply to inflate prices.

Summary

Samsung Electronics, SK Hynix, and Micron Technology are facing a class-action lawsuit in the US District Court for the Northern District of California. The lawsuit alleges that these major memory chip manufacturers coordinated to restrict the supply of DRAM chips, artificially driving up prices for consumers and small businesses. This price surge has impacted various electronics, including smartphones, laptops, and PCs.

The legal action comes amid a massive surge in demand for memory chips driven by the artificial intelligence boom, as AI companies require vast amounts of DRAM and high-bandwidth memory for data centers. While the manufacturers claim they are investing in new facilities to increase capacity, the court will need to determine if supply constraints were market-driven or intentionally manipulated. This case also de facto echoes a previous price-fixing scandal in 2005 involving Samsung.

Industry analysts suggest that even with the lawsuit, memory prices may remain high for the foreseeable future. This is due to large AI companies securing long-term supply agreements, which further limits the availability of chips for the general consumer market.

(Source:Times Now)

Crypto News

Ledger sued for $500M over alleged data breach and crypto theft

Chicago Tribune

Judge blocks President Trump’s new bid to curb birthright citizenship, citing Supreme Court precedent

Deadline

NY Times Rips Trump's DOJ For Backing AI Companies In Class Action Suit

The Boston Globe

Musicians sue AI music company Suno for imitating their voices

WIS10

Federal class-action lawsuit filed against Flock Safety

The Guardian

Uber drivers launch European class action over ‘soulless’ and ‘scary’ AI algorithm

Koreajoongangdaily Joins News

Coupang data breach lawsuit faces U.S. court jurisdiction battle

Insurance Journal

Apple to Pay Virginia Employee $150K in Religious Accommodation Settlement

Newswise

FTC Lawsuit Against Amazon Raises Questions About Advertising Costs, Competition and Consumer Impact: UMD Expert Available | Newswise

Wtvc

Whistleblower says Meta’s $18B settlement falls short of protecting kids’ lives

Upper Michigan's Source

Marquette County Board forms opioid task force to refine settlement disbursement

The Hollywood Reporter

Country Star Jason Isbell...

Billboard

Jason Isbell Files Class Action Lawsuit Claiming Suno Coded AI to ‘Extract Musicians’ Identities’

Fortune

Once a champion for physical media, Sony is now telling PlayStation customers they don’t actually own the digital video games they paid $70 for | Fortune

The Aryavarth Express - Your Own English Daily New

Subhash Chandra Insolvency: ₹22,006 Crore Claims vs ₹6.5 Crore Settlement