SRAM manufacturers hit with class-action lawsuit

— 1:18 PM on November 28, 2006

Amidst a Department of Justice probe into a possible price-fixing conspiracy in the SRAM industry, The Inquirer reports that a number of SRAM manufacturers have been hit with a class-action lawsuit that also accuses them of price fixing. Filed by a certain Kenneth Bagwell in a Michigan court, the lawsuit alleges that Alliance, Cypress, Etron, GSI, Hitachi, Hynix, Integrated Silicon Solution, Micron, Crucial, Mitsubishi, NEC, Renesas, Samsung, Sony, Toshiba, Winbond, Fujitsu, IBM, Seiko Epson, Epson, Sharp and ST Microelectronics all conspired to "fix, maintain or stabilize prices and to allocate markets for the sale of SRAM."

While the SRAM price-fixing debacle has been called a "tempest in a teapot" because of the SRAM market's small size, a class-action lawsuit plus a hypothetical antitrust trial by the DoJ could become a costly affair for the manufacturers if they are found guilty.

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