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DRAM vendors can get $8 billion fine for cartel agreement
  • Vitaliy_KiselevVitaliy_Kiselev

    Samsung Electronics, SK Hynix and Micron Technology - the world's top-3 DRAM vendors - could be fined up to US$8 billion in China over alleged price fixing, according to industry sources.

    Regulators launched investigations into Samsung, SK Hynix and Micron, which collectively hold an over 90% share of the global DRAM market, the sources said.

    Samsung, SK Hynix and Micron have all confimed the visits of China's antitrust regulators to their local offices. The companies said they would cooperate but did not elaborate.

    According to China's antitrust law, Samsung, SK Hynix and Micron could be fined between US$800 million and US$8 billion if found to have engaged in price fixing, the sources noted. The estimated fines are based on their DRAM sales to China in 2016-2017.

    Nice news.

  • 2 Replies sorted by
  • eatstoomuchjameatstoomuchjam

    Except that now they'll need to raise the prices of RAM some more to pay off their fine. :P

  • Vitaliy_KiselevVitaliy_Kiselev

    @eatstoomuchjam

    Do not worry, they won't. Actually they stopped in January after first meeting.

    If it'll be proven they'll get more of such fines across the world. But for them it is worth it, as fine is always around 5-15% of their extra profits.

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