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Regulators in China said to have found "massive evidence" of anti-competitive behavior of Samsung Electronics Co. Ltd.
005930, -1.95%
SK Hynix Inc.
000660, -3.30%
and Micron Technology Inc., based in the United States
MU, -6.62%
the FT reported on Tuesday. Officials in Beijing said they had "made important progress" in a price-fixing survey and that, according to some, the inclusion of Micron could be used as a bargaining weapon by Beijing in the context of US trade negotiations. The investigation follows a lawsuit filed by the United States in April, alleging that the three chip makers have been listening to raise prices for DRAM. The three companies refused to comment to the FT.
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