Micron: Feds Investigating DRAM Industry

Micron

The Boise, Idaho-based company issued the statement to confirm "that the Antitrust Division of the Department of Justice has undertaken an industrywide investigation into alleged anticompetitive practices against DRAM manufacturers."

The company confirmed that it received a grand jury subpoena Monday from the U.S. District Court for the Northern District of California seeking information connected to the probe.

Micron Vice President of Corporate Affairs Kipp Bedard said in the statement that the company told the government it would cooperate with the investigation, adding, "Micron does not believe it has violated U.S. antitrust laws.

"The DRAM business is highly competitive and subject to extreme volatility," Bedard said. "Competitive forces in today's market have led to DRAM prices reaching unprecedented lows."