The world’s top three DRAM manufacturers, Samsung Electronics, SK Hynix and Micron Technology, are all facing fines from Chinese antitrust regulators. The trio have allegedly conspired to fix prices of DRAM, and could be fined up to US $8 billion.
Regulators had visited Micron in May 2018, looking into the sudden surge in DRAM pricing. The result of that visit lead to further investigations into both Samsung and SK Hynix. Collectively, the three companies hold some 90% of the market share.
If found to be guilty of breaching antitrust laws, the companies face fines between $800 million and $8 billion. Although this number is calculated based on the price of DRAM sales in China between 2016 and 2017. There may also be a chance that it is higher if regulators attempt to make an example of them.
China is not the first country to investigate DRAM companies for price fixing. The US fined the three vendors, along with Infineon and Elpida Memory for the same conspiracy in 2002. Although since then Infineon and Elpida have ceased to exist as independent entities.
Full Content: DigiTimes
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile’s Acquisition of Ka’ena Corporation Receives FCC Approval
Apr 26, 2024 by
CPI
UK Regulator Announces Two New Senior Executive Appointments
Apr 26, 2024 by
CPI
Paramount Global and Skydance Media Near Merger Deal, Eyeing CEO Change
Apr 26, 2024 by
CPI
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI