Thursday July 13, 2006

States Sue Chipmakers

Holy cow, 34 states are planning to sue seven memory makers, including Micron and Infineon, for conspiring to rig memory prices keeping them artificially inflated.

California Attorney General Bill Lockyer said on Thursday 33 other states would join a lawsuit alleging the chip makers violated state and federal antitrust laws during a conspiracy to fix prices for dynamic random access memory, or DRAM, chips, from 1998 through June 2002, when there was a glut in the market.