Sunday , August 14 2022

Chinese officials found "evidence" of anti-competitive behavior by Micron, Samsung, SK Hynix


Regulatory authorities in China said they found "massive evidence" of anti-competitive behavior by Samsung Electronics Co. Ltd.

005930, -1.95%

SK Hynix Inc.

000660, -3.30%

and Micron Technology Inc.

HIM, -6.62%

FT reported on Tuesday. Beijing officials said they made "significant progress" in the pricing survey and some say Micron's integration could be used as a negotiating weapon for Beijing in terms of US trade negotiations. The probe follows the US lawsuit in April, which states that three chip companies have agreed to increase DRAM prices. All three companies refused to comment on FT.

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