If you are a PC gamer then you must have noticed that DRAM prices have doubled in the past couple of months and first we thought that this was happening because the resources were being allocated to mobile sector, new information now reveals that the three major RAM manufacturers Samsung, Micron and Hynix were limiting supply on purpose.
Hagens Berman antitrust attorneys claim that the three companies colluded with one another in order to get DRAM prices higher and we have seen the price more than double over the past couple of months. DRAM is used in many kinds of devices, ranging from laptops to consumer devices. So you can see why this is a big issue and if this is indeed true then the company has not done the gaming community justice either.
According to Steve Berman, managing partner of Hagens Berman:
“What we’ve uncovered in the DRAM market is a classic antitrust, price-fixing scheme in which a small number of kingpin corporations hold the lion’s share of the market. Instead of playing by the rules, Samsung, Micron and Hynix chose to put consumers in a chokehold, wringing the market for more profit.”
I cant say for sure how many laws have been broken in the process of doing this but it is safe to say that this is illegal and if this is true then there should be strict actions against something like this ever happening again. Also, it is interesting to note that this is not the first time that something like this is happening.
“This isn’t the first time we’ve caught the DRAM industry in a scheme to squeeze more money out of consumers. We achieved a $300 million settlement for DRAM purchasers in a similar case, and we intend to prevail for consumers again.”
Let us know what you think about all this and whether or not you think DRAM prices were inflated artificially by restricting supply.