YES
DO IT AGAIN
DO IT LIKE 2002 AND BRING BACK MEMORIES SINCE I WAS 1 YEAR OLD WATCHING THEM GET SUED THE FIRST TIME
YES
DO IT AGAIN
DO IT LIKE 2002 AND BRING BACK MEMORIES SINCE I WAS 1 YEAR OLD WATCHING THEM GET SUED THE FIRST TIME
Probably shouldnt let corporations declare they own all RAM produced for the next 3-5 years also.
Does anyone have a non-paywalled source on the lawsuit and article that references it which is linked at the top of this article? This is an interesting development that also makes much more sense than what is typically accepted as an explanation as it alleges the price inflation resulted from capitalistic imperatives of profit maximization (prioritizing high-demand production) as an act of purposeful collusion, apparently with successful fines enforced by both the US and China in the past. Would be interesting to see the specifics of that, as I wonder how much the rapidly shifted legal landscape in the US has enabled this.
Not the law360, but there are others that are covering it https://wccftech.com/memory-trio-samsung-sk-hynix-micron-face-class-action-lawsuit/
search for this case number for more like it 3:26-cv-06345
What's the typical explanation?
That it is just the demand in itself and the stupidity or "greed" of AI and chip manufacturing companies, rather than the inevitable trajectory of a capitalist economy where infinite growth subordinates the real material limitations of production (which includes the limitations of computation in general). So, they produce the conditions where profit increases by cannabilizing the market, which is a different thing than them just being some particularly bad acting individuals.
They been publicly fixing the supply for 30 fucking years.
It's a class action submitted by few consumers. Will see how this goes, but I highly doubt it's like before where they were literally keeping ram away from markets to inflate the prices, otherwise commitments on building more fabs seem weird if they'd want maximum return, but now they're taking risks since it's quite unclear if the AI demand will stay like this in the future.
The fact that they're making companies sign 5-year contracts for the current prices before selling anything at all says that they're expecting the demand to collapse soon, and they want to lock in the high prices before that happens.
When industries pull this bullshit, they should be nationalized.
This. You would never do this if you thought prices would go up each year for the foreseeable future.
If only any governments had any appetite for enforcing anti-price fixing laws
Fuck 'em I'll make my own RAM factory and it'll have hookers and blackjack.
Maybe a bit of coke.
Like every industry does, and gets away with it if they keep it looking competitive.
We are f'ed in the a, folks. RAM prices aren't going down. The capitalists already know they can just charge whatever and they'll be fine. It's not about us or the consumer.
The whole thing would be a truly massive anti-trust case, if only anyone had the guts to prosecute it
At this stage it’s not even cynical to assume that they colluded for this…
Ugh. Passive voice. It's a
"class action lawsuit – filed by a proposed class of individual and business consumers"
all 13 comments