Comment by ksec
And I am 100% sure a lot of other industries in commodities would have been convicted of price fixing if we look into it. And I say this as someone who have witnessed it first hand.
Unfortunately commodity business is not sexy, it doesn't get the press, nor does it get told even in business schools. But a lot of the times these call called price fixing is a natural phenomenon.
I wont even go into what get decided in court doesn't always mean it is right.
I will also add we absolutely want the DRAM and NAND or in fact any industries to make profits, or as much profits as it could. What is far more important is where do they spend not those profits. I didn't look into SK Hynix but both Samsung and Micron spends significant amount of R&D at least try to lower the total production cost of DRAM per GB. We want them to make healthy margin selling DRAM at $1/GB, not losing money and then go bankrupt.
Look man I’m a PhD economist I know the difference between monopolistic competition and collusion. All that price fixing does is transfer monopoly rents from you and me to the DRAM cartel (or whatever industry is doing the price fixing).