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South Korea: Whispers of price-fixing emerge in digital memory industry

By  |  March 12, 2013
South Korea: Whispers of price-fixing emerge in digital memory industry

As prices rise for dynamic random access memory, also known as DRAM, consumers are crying fowl accusing DRAM makers of price-fixing and manipulation. The electronic memory chip is currently manufactured by three main suppliers: Samsung Electronics, SK Hynix Semiconductor and Micron Technology. According to reports, the suppliers used to sell DRAM at leveled or below market prices to increase purchasing; now, the suppliers have reduced production to “stabilize” pricing, according to reports, and have increased prices by about 35 percent since last November. One source is accusing the companies of abusing market dominance, and another South Korean electronics firm executive stated that it was “highly possible” that price-fixing is occurring within the industry.

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