Samsung, SK Hynix, and Micron face class action lawsuit in the US for alleged manipulation of DRAM prices and supply

Glonghui, June 29 — As the global memory shortage crisis intensifies, local consumers and small businesses in the United States have taken legal action. It is reported that the world's three largest memory suppliers—Samsung, SK Hynix, and Micron—are facing a class-action lawsuit over suspected price manipulation and restricting global supply. The lawsuit was filed on June 25 in the federal court of California, United States. According to the complaint, these three companies control almost the entire supply of global DRAM (Dynamic Random Access Memory) and restricted the supply of traditional DRAM products during significant price increases, further worsening the current memory shortage crisis.