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/tech/ - Technology

July 2018 Transparency Report
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 No.951692

READ THIS SHIT

>Price fixing in the DRAM market is nothing new unfortunately. As recently as January this year, a Chinese regulator accused Samsung other chip manufacturers of artificially increasing prices to pad their margins. Samsung is also no stranger to price fixing, as a $300 million judgement against it and Hynix was handed down in 2006 here in the United States.

>

>Today, however, Samsung and other DRAM manufacturers are facing another legal fight in the U.S., and it comes courtesy of the law firm Hagens Berman. A class action lawsuit was filed today in U.S. District Court for the Northern District of California and alleges that Samsung, Micron and Hynix conspired to artificially limit the supply of DRAM chips in an effort to keep prices high. As a result, device manufacturers that rely on DRAM chips had to pay inflated prices, and those costs were of course passed on to you, the consumer. This has especially been true as higher DRAM costs have also resulted in inflated prices for graphics cards that PC gamers have been clamoring for, and paying dearly for recently, versus cryptocurrency miner demand for the product.

>

>According to Hagens Berman, the above trio of companies together command 96 percent of the DRAM market currently. Their actions resulted in the price of 4GB of DRAM jumping 130 percent during the class period (July 1, 2016 through February 1, 2018). Interestingly enough, the trio of chip manufacturers also experienced more than a doubling in revenue between Q1 2016 and Q3 2017. How convenient…

>

>The lawsuit outlines the behavior, stating:

>>Defendants each made public statements affirming their commitment to the common plan to curtail supply, and to not compete for each other’s market share by supply expansion. For example, Defendants informed the other Defendants through public statements, that they would keep total wafer capacity flat in order to constrain DRAM supply growth, they would only grow DRAM supply between 15-20% in 2017, even as DRAM demand grew 20-25%, and that they would refrain from taking each other’s market share.

>

>It is also alleged that even though prices for DRAM more than doubled during the class period, the costs for Samsung, Micron and Hynix associated with producing the memory chips did not increase. Likewise, there were no major changes in process technology to justify the drastic increase in prices.

>

>If the Hagens Berman name sounds familiar, it’s because it was also the firm responsible for securing the aforementioned $300 million settlement against Samsung and Hynix. So, it has the experience in this type of litigation and the investigative know-how to see this case through to its eventual resolution.

>

>“What we’ve uncovered in the DRAM market is a classic antitrust, price-fixing scheme in which a small number of kingpin corporations hold the lion’s share of the market,” said Steve Berman, who serves as managing partner at Hagens Berman. “Instead of playing by the rules, Samsung, Micron and Hynix chose to put consumers in a chokehold, wringing the market for more profit.”

>

>What makes this case (PDF) so interesting is the breadth of devices it covers. Since DRAM is used in just about all of our computing devices, if you purchased a new smartphone, tablet, or computer in the past two years, you're probably able to join in on the lawsuit, which is seeking class action status. To inquire more about the class-action, including how to sign-up, you can visit the following link.

Original article: https://hothardware.com/news/samsung-hynix-and-micron-dram-class-action-suit-collusion (https://archive.is/4ehOz)

The class action lawsuit: https://www.hbsslaw.com/cases/dram-price-fixing

I recommend reading the original article because it has worthwhile graphs and links. Class action lawsuit link will let you join. Anyone from the US who bought a PC, stick of RAM, or smartphone in the past few years can join, so if you want damages, go ahead.

I'm making a thread because this bullshit is highly /tech/-related and I didn't see a proper thread on this yet. I'm not in the habit of newsposting.

 No.951729

How is this surprising to anyone?


 No.951735

>US only

Fuck. Gooks deserve to burn for this bullshit though.

>inb4 RAM prices going even higher when AMD's Zen 2 comes out


 No.951769

Muh freemarket should be able to solve the price-fixing rackets. Why does this never actually pan out?


 No.951777


 No.951804

Just go make your own DRAM. Problem solved.


 No.951805

>>951692

I returned my 16 core threadripper because I didn't price out my build before buying it and realized that I would have to spend over $1500 at least for the 128 GB of RAM I wanted for a Qubes rig.

I had not been paying attention to RAM prices the past few years and had no idea the price increased by 2.5 times.

I was bitter about it until I found out about Talos II systems, which I didn't realize were so open. Now I'm planning on getting one of those instead. The RAM prices will still fuck me over though.


 No.951809

>>951804

Literally just an nMOS and a cap. Child's play.


 No.951812

>>951769

Just develop superior DRAM chips and sell it for less than those who are price fixing.


 No.951816

>>951812

I think that was anon's point. Why doesn't some other kike come along and undercut the cabal.


 No.951916

>>951816

Because kikes are more or less united.

>>951769

Except none of the major powers is a free market.


 No.951936

>>951692

So? The gaymer market deserves to be punished for their mindless consumerism. Just like NN this is a non-issue.

>>951769

>>>/reddit/


 No.951939

>>951769

>article describes how ram sales are not a free market due to a price fixing cartel

>you somehow try to blame that on the free market


 No.951947

>>951939

>free market

>people are free to price fix

who the hell are you to say they can't decide a price among themselves in a free market? dumbass. make your own ram if you don't like their prices


 No.951951

>>951947

>who the hell are you to say they can't decide a price among themselves in a free market?

Because then its a monopoly not a free market.


 No.952004

>>951936

>>All RAM is horrifically overpriced due to a price fixing scheme by the RAM manufacturers

>So? The gaymer market deserves to be punished for their mindless consumerism. Just like NN this is a non-issue.

0/10 go back to >>>/4chan/ if you're just going to shitpost


 No.952016

>>951947

>who the hell are you to say they can't decide a price among themselves in a free market?

Are you seriously this stupid? When they collude and engage in a price-fixing scheme, it's no longer a free market. Do you even understand what "free market" means, dumbass? At a minimum, it requires that there are fucking options on the market. When you have no option it is no longer a free market. Don't opine about economics when you clearly don't have the foggiest clue about the most fundamental words in the subject.

>dumbass. make your own ram if you don't like their prices

You think making commercial-grade RAM is easy, son? They pack over a billion memory cells on a single stick. Don't open your mouth when you don't know the first thing about what you're telling others to do.

>>951951

Oligopoly. A monopoly is if a single company controls the market. Here it's a group of 3.


 No.952064

>>951805

Yeah prices are through the fucking roof. These companies need more competitors since they clearly can't be trusted to keep their shit in order. it isn't even the first time they've done this. There was a huge case in the US over the same 3 doing the exact same shit in 2006 also. The EU also fined 'em sometime later.


 No.952078

>>951804

>>951812

>>951816

>>952064

Try competing without violating (((somebody's))) (((intellectual property))). High-tech markets are oligopolies for a (((reason))).


 No.952081

>>951805

>I returned my 16 core threadripper because I didn't price out my build before buying it and realized that I would have to spend over $1500 at least for the 128 GB of RAM I wanted for a Qubes rig.

Good for you, once this lawsuit jews the jews over and RAM prices return to normal, you'll buy yourself a 32-core one :).


 No.952086

>>951769

Free market principle only really applies to markets with low barriers to entry.

Manufacturing modern computer components is anything but easy to get into and therefore prone to cartels.


 No.952402

>>952086

Patent law makes the whole situation a whole lot worse too. You'll be stuck reinventing the wheel and thanks to the magic of overbroad patents you might still get in trouble.


 No.953224

File: 72fd986da7ad62c⋯.png (2.25 MB, 1468x1080, 367:270, doom train.png)

>antitrust finally underway for memory

>system building will become viable again

Cryptoniggers, your days are numbered.


 No.953921

>>951729

Capitalism is not working.


 No.953922

>>951777

Theyre the almost end result of any free market, the end one is complete monopoly.


 No.953924

>>952086

>Free market principle only really applies to markets with low barriers to entry.

No, it only applies over an infinite amount of time. Eventually everything will be worked out long after your dead.


 No.953927

>>953921

But it is.

Regulatory Capture -> Oligopoly -> Monopoly


 No.953928

isn't china getting into the DRAM market?


 No.953930

>>953928

Yeah. A Chinese manufacturer stole RAM manufacturing-related IP from Micron, sued them, and won both cash damages and an injunction against Micron selling in China. When it's Chinese vs foreigners, Chinese courts only rule in one direction.


 No.953932

I bet there is a libtard or lolberg somewhere that claims the price gouging subject of this thread is caused 'too much' government or regulation.

protip; libertarianism is jewish, and the end result is all power and control in the hands of a few (((companies)))


 No.954223

>>951939

>>you somehow try to blame that on the free market

Weak or outright nonexistent antitrust law is one of the staples of the free market because ain't nobody need da gubmint and muh free market will sort itself

>>952016

>When they collude and engage in a price-fixing scheme, it's no longer a free market.

Companies are free to do what they want, aren't they? And you're free make your own DRAM too. Just bootstrap yourself a couple millions in capital and you're set. Also see >>951769

>>952064

>implying (((competition))) wil fix anything

Companies compete to screw you out of your money the most, not to provide the best service. If anything, a new company would get bought out, if not outright join the cartel.

>>952402

>Patent law makes the whole situation a whole lot worse too

<Oy vey! Why do you hate innovation, goy?

Don't forget you can get sued even if you were unaware of any infringements (patent law doesn't acknowledge independent invention).


 No.954272


 No.954404

>>954272

He was referring to antitrust law though and laissez-faire borderline ancap free market libertarians. Disgust for patent law is something that runs the entire political spectrum from the far-left to the far-right. The political dividing line on patents is typically pro-corporate vs normal people.

There's been research done on the benefits of patents and it usually turns out that in the long run patents only help rich companies stifle competition rather than foster innovation. Promoting innovation loses weight when it forces companies to re-innovate the same shit in a different way just to compete in a market.


 No.955609

>>953930

Details? I'm leery of Chinese knockoffs owing to their poor quality control, but busting open the RAM cartel would be a very good move.


 No.956494

>>954404

>patent law

>not government regulation




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