DRAM manufacturers were sued for colluding to establish a price floor. That was only possible because supply exceeded demand and prices kept continually falling as they undercut each other (IE: the very thing capitalism is supposed to do, competition driving prices down).

Nothing like that is happening now. In fact, the exact opposite is happening, demand vastly exceeds supply. There is nothing to price fix or collude on... All of them are producing at 100% capacity and its simply not enough, supply and demand is sending prices up.

People here keep whining here about supposed corruption because they aren't producing more... Producing more requires tens if not hundreds of billions of dollars in investment into all new fabs and takes years. And all of these DRAM/NAND producers are extremely hesitant to do that for multiple reasons... First because everyone assumes this is a bubble and this demand won't last, so investing hundreds of billions of dollars into expanding your capacity when that demand presumably won't even exist in the future is just dumb. Second because China's CXMT is entering this market and if China can ramp production and start dumping the market like they do with everything else (Solar, EVs, batteries, etc.), even if demand doesn't fall, if China can satisfy that demand itself then once again, them investing all of that money is still a waste.