$43. That'll teach em.

Interesting. The story I've been hearing is it's a supply problem caused a massive demand for the Nvidia AI chips and the ultra-fast RAM they require.

I just saw a report from SK Hynix (that triggered chip stock selloffs) that they were dialing back on production for the next generation NVidia chips. The market figured that was evidence of soft demand.

Turns out that was because those were delayed, so they decided to build more of the lower speed RAM, which I think is the stuff consumers are needing. Working from memory here, so details are likely off.

Anyway, the problem may be more about producing for the most profitable market rather than price fixing.

I look forward to the outcome. It will be nice to know the situation from an objective source.

Full disclosure, I own shares of FKLR which is an ETF of the South Korean market index that is dominated by these two companies.

It's doing poorly just now due to that report I mentioned and a bunch of other things.

730 million dollars and 9 years of prison time between 16 executives

Thanks. I'll edit this into the post.

Exactly. It's like watching the gas station across the street and quietly setting your prices to the same thing. The moment you set it one cent lower than the other guy, it's a race to the bottom and everyone makes less money.

Because greed.

That's where most of the AI data centers are

Don't think you grasp which side has the actual leverage here...

The US market is the one that has driven the truckloads of money that have resulted in the memory vendor stock increasing over 10-fold.

Even a pretty severe compromise or fine is totally worth it to keep the money hose going.

Aha it's been 25 years no one will remember the last time they got caught doing it

One could argue that with chickens it's genuinely more difficult to manage such a seasonal issue.

It's a whole different thing with memory where it's clear there is de facto collusion to raise prices (and they've even been caught doing it before).