A PYMNTS Company

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

By  |  March 12, 2013

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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Full Content: Xbit

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.