Idaho part of price fixing settlement involving Micron

Idaho part of price fixing settlement involving Micron

by
Idaho Freedom Foundation staff
June 24, 2010
Idaho Freedom Foundation staff
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June 24, 2010

Idaho has agreed to a $173 million multi-state settlement regarding price fixing of computer chips that includes Micron and five other manufacturers.  The agreement resolves claims that the companies agreed with one another over the price of Dynamic Random Access Memory (DRAM), a chip used in computers and other electronics.

“Idaho’s governments, businesses and consumers spend sizable amounts of money for computers and other products containing DRAM,” Attorney General Lawrence Wasden said in a news release Thursday.  “When those costs are inflated by unlawful anti-competitive practices, as we have alleged in this case, we have a duty to the taxpayers and consumers to recover their money and end the unlawful activity.”

Idaho joined 32 other states in the settlement, which will provide restitution for consumers, business, and government agencies that overpaid for electronics containing DRAM.  Idaho and other states were part of a similar settlement with several other DRAM manufacturers worth more than $90 million, and has a similar lawsuit against a Taiwanese manufacturer pending in a California court.

Read more about the settlement at the attorney general’s website.

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