🚨 SAMSUNG, SK HYNIX, AND MICRON ARE GETTING SUED FOR ENGINEERING THE MEMORY CHIP SHORTAGE.
The lawsuit, filed June 25 in California, accuses the three companies of using their pivot to AI memory chips as cover to cut production of regular DRAM, the memory used in everyday laptops and phones.
DRAM prices have risen roughly 500-700% over the past four years. Micron reportedly shut down its consumer DRAM brand, Crucial, at the most profitable price point in its history, a move the lawsuit calls economically irrational unless it was coordinated.
The lawsuit points directly to Apple's recent price hikes on iPads and Macs as evidence the damage is already reaching consumers.
This isn't the first time.
Between 1998 and 2002, Samsung, Hynix, Micron, Infineon, and Elpida ran an actual price fixing cartel, confirmed by US federal prosecutors.
Samsung paid a $300 million criminal fine, Hynix paid $185 million, and Infineon paid $160 million, with several executives serving real prison time, sentences ranging from 4 to 14 months.
The new lawsuit alleges Samsung and SK Hynix later rehired and promoted some of those same convicted executives into senior roles.
Together, the three companies control the vast majority of global DRAM supply today, and building a single new DRAM factory costs $15 to $20 billion and takes years, making it nearly impossible for new competitors to break in and undercut them.
That's the core problem this lawsuit is targeting.
Three companies with total control over a market everyone depends on, the same companies already convicted once before, now facing the same accusation again while prices keep climbing and ordinary buyers have nowhere else to turn.
Jefferies doesn't expect relief anytime soon. Prices are forecast to climb another 40-50% next quarter, then a further 30-40% on top of that the quarter after, meaning prices could roughly double by year end.
2027 is expected to bring another 40-45% increase on top of that, with no real normalization expected until 2028.
🚨 THE MEMORY CHIP SHORTAGE WAS MANUFACTURED
Samsung, SK Hynix, and Micron are being sued for allegedly engineering the DRAM shortage.
The lawsuit claims they used the "AI Boom" as cover to cut the regular memory supply.
DRAM prices are already up 500-700%.
Now the damage is showing up in iPhone and Mac prices.
This is why demand for AI is rising so fast.
This looks like total supply control.
During a California Senate committee hearing on the Protect Our Games Act (AB 1921) the ESA lobbyist Jennifer Gibbons said that community-run Minecraft servers ARE ILLEGAL under CURRENT, ALREADY EXISTING LAW
The comment came as the ESA opposed the bill, which aims to prevent games from becoming unplayable after publishers shut down official servers.
Hello outlaws! Jennifer Gibbons, VP of the Entertainment Software Association said Minecraft community servers are ILLEGAL. Thank you for lying about the law to the California Senate in public, it lets everyone see what we've been up against.
https://t.co/AqARv4n1Od
The new Evercade version of Banjo-Kazooie has a secret music player when you unlock one of the Stop n Swop items after beating the game.
It has a TON of unheard beta tracks and most of them are early level themes for worlds in Banjo-Tooie!
Here is "Funfair" for now.
GTA VI on Nintendo Switch 2 reportedly dropping in 2027
According to VICE, specialist studios have been brought in to handle the optimization and the major technical challenges have already been solved.
Rockstar has never put a GTA game on a Nintendo home console. If this is real it would be the first time in the franchise's history.
Outside studios are already helping with the port and insiders say the technical hurdles have been cleared.
A Nintendo handheld getting GTA before PC is funny.
I'm serious, though. Rick really does love Summer as his granddaughter. She's genuinely his favorite. She reminds him of Diane, and Rick himself has said that he treats her as an equal.
Meanwhile, Morty's his favorite little puppy, partner-in-crime, and unofficial wife 😔‼️
The final battle between Rick's head and his headless body was absolute madness, chaotic, hilarious, and somehow one of the most insane fight sequence
#RickAndMorty