Tech giants sued for alleged collusion on RAM prices

Three major tech companies are being sued over allegations that they colluded to drive up RAM prices. A class-action lawsuit filed in the California Northern District Court accuses Samsung, SK Hynix, and Micron—the world's largest RAM manufacturers—of artificially inflating prices. The plaintiffs, including 14 individuals and three businesses, claim the companies violated antitrust laws by coordinating price increases.

The lawsuit alleges that from 2016 to 2018, the three companies conspired to raise RAM prices significantly. This period saw a sharp increase in RAM costs, burdening consumers and small businesses. The plaintiffs argue that this coordinated action was illegal and caused substantial financial harm.

Samsung, SK Hynix, and Micron have faced similar allegations before. In 2020, the U.S. Department of Justice investigated RAM price-fixing but did not impose penalties. This new lawsuit aims to hold the companies accountable for what plaintiffs describe as a long-standing pattern of price manipulation.

RAM is a critical component in computers, smartphones, and other electronics. Price hikes can ripple through the entire tech industry. The plaintiffs claim the alleged collusion caused billions of dollars in damages to consumers and businesses.

The case is seen as a significant test of whether tech giants abuse their market power. The court's decision could influence competitive dynamics and pricing practices in the industry. The plaintiffs seek compensation and an end to the alleged anticompetitive behavior.