Samsung, Micron and SK Hynix accused of spiking memory chip prices by 700%

An antitrust lawsuit has been filed in California alleging that three chipmakers have engaged in collusion and price-fixing, amid a global shortage of memory chips that is driving up prices for manufacturers and consumers. The class-action lawsuit was filed in the U.S. District Court for the Northern District of California (1) against chip giants Samsung, SK Hynix and Micron. The 17 named plaintiffs (1) are a mix of individuals and small businesses.