South Korea probes Montage Technology’s office in antitrust investigation targeting memory chip price-fixing
Crypto Briefing 2026-07-17 06:19:25
Context: Seoul prosecutors launched an antitrust investigation into memory chip price-fixing, targeting several companies including Montage Technology, Renesas, and Rambus. The probe led to raids on the offices of these companies, resulting in a significant impact on Montage Technology's stock price. The investigation focuses on allegations of price-fixing in the memory chip industry.
Key Facts
- Seoul prosecutors raided the offices of Montage Technology, Renesas, and Rambus as part of an antitrust investigation into memory chip price-fixing allegations.
- The raids resulted in Montage Technology's shares plummeting over 20%, indicating a significant market reaction to the investigation.
- The antitrust probe specifically targets potential price-fixing practices in the memory chip industry, with Montage Technology, Renesas, and Rambus being scrutinized as part of the investigation.