Samsung, SK Hynix, and Micron Face Antitrust Class Action Lawsuit

South Korean memory manufacturers Samsung Electronics and SK Hynix, along with US-based Micron Technology, are facing a class action lawsuit alleging antitrust violations. The lawsuit claims the companies colluded to manipulate prices of DRAM and NAND flash memory. The suit alleges that memory chip prices were artificially inflated between 2016 and 2018, harming consumers and businesses. Plaintiffs argue that the three companies restrained competition by limiting supply and coordinating prices. Samsung, SK Hynix, and Micron control a significant portion of the global memory market. They have previously faced similar investigations in the US and Europe. The companies have not yet issued an official statement regarding the lawsuit. This is not investment advice.

📊 MU — Piyasa Yorumu

▼ down · 65%

The news points to an antitrust lawsuit involving Micron, which could create short-term pressure on the stock. Technically, the price is trading below the 20- and 50-day moving averages, and the RSI at 42 is in weak territory. The MACD remains below the signal line, indicating negative momentum. Despite a 3.8% rise in the last 24 hours, the bearish trend prevails due to the lawsuit news and weak technical structure.

RSI 14

41.9

MACD

9.18

24h Δ

3.85%

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