States to sue chipmakers

Iria · Jul 13, 2006, 09:38 PM

Source: Reuters
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SAN FRANCISCO (Reuters) - Thirty-four U.S. states will sue seven computer memory chip makers on Friday, including Micron Technology and Infineon Technologies, over charges they conspired to rig the U.S. market to keep prices artificially high.

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.

Jul 13, 2006, 09:38 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	States to sue chipmakers Source: Reuters __________ SAN FRANCISCO (Reuters) - Thirty-four U.S. states will sue seven computer memory chip makers on Friday, including Micron Technology and Infineon Technologies, over charges they conspired to rig the U.S. market to keep prices artificially high. 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.