DENVER — Colorado Attorney General John Suthers announced today that his office has joined with 32 other attorneys general to settle allegations that numerous computer chip manufacturers colluded to artificially raise the prices of their products.
According to the lawsuit, filed in a California federal court, the manufacturers of Dynamic Random Access Memory computer chips, a previously common form of memory chip used in desktop computers and electronic devices, “devised an elaborate scheme to raise prices” to the detriment of consumers, businesses and government agencies.
“Protecting Coloradans and Colorado firms and government agencies from unfair business practices, including colluding to artificially inflate prices, is one of our top priorities,” Suthers said. “This settlement highlights the good work we do in cooperation with our partners across the country on antitrust cases.”
Colorado’s share of the settlement, which will be determined by a special master, will be deposited in the state’s General Fund.
The DRAM manufacturers named in the lawsuit include Micron Technology, Inc. and NEC Electronics America, Inc., which are both based in the United States, and Infineon Technologies A.G. of Germany; Hynix Semiconductor, Inc., of South Korea; Elpida Memory Inc. of Japan; and Mosel-Vitelic Corp. of Taiwan.