Prosecutors raid semiconductor suppliers over price-fixing suspicions

Seoul prosecutors raided the Korean offices of Montage Technology, Renesas Electronics, and Rambus on suspicion of price-fixing collusion in supplying semiconductor components to Samsung Electronics, SK Hynix, and Micron. The investigation centres on alleged Fair Trade Act violations by these oligopolistic suppliers to global memory chip manufacturers. If you supply memory chip makers, your pricing model just entered criminal investigation in South Korea; Seoul is now enforcing cartel law on semiconductor component suppliers at scale, and enforcement will spread to Japan and the US. Get your pricing documentation and customer communication in order now.