Justice Dept. To Probe SRAM Market
The U.S. Department of Justice's antitrust division has opened an investigation into the static random access memory market, communications chip-maker Cypress Semiconductor Corp. said Thursday.
SRAM memory is faster than dynamic random access memory, the most common type used in personal computers. SRAM is found in relatively small quantities in PCs, it's also used in disk drives, communications equipment and networking gear.
In a statement, Cypress said it will fully support the investigation.
A Justice Department spokeswoman could not immediately be reached to confirm the start of the investigation or comment on its scope.
A separate DOJ investigation into price-fixing among DRAM companies has so far resulted in more than a dozen charges against individuals and more than $731 million in fines against Samsung Electronics Co., Elpida Memory Inc., Infineon Technologies AG and Hynix Semiconductor Inc.
Cypress shares lost 78 cents, or more than 3.8 percent, to $19.34, in Thursday trading on the Nasdaq Stock Market.