Chinese investigators said they found “massive evidence” of anti-competitive behaviour by the world’s top three makers of computer memory chips, in a probe that could exacerbate global trade tensions.
Officials in Beijing said a price-fixing investigation into South Korea’s Samsung Electronics and SK Hynix and US-based Micron Technology had made “important progress”, without offering any specific examples of wrongdoing.
“The anti-monopoly investigation into these three companies has made important progress . . . [It] has yielded massive evidence,” said Wu Zhenguo, head of China’s anti-monopoly bureau under the State Administration for Market Regulation.
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