The DRAM producers have also agreed to work together to raise the prices in the past and are probably rather enjoying it being their turn to get a ton of money again. d Free markets break down when cartels form, because then you wind up with an effective monopoly despite having multiple suppliers

https://en.wikipedia.org/wiki/DRAM_price_fixing_scandal

https://ec.europa.eu/commission/presscorner/detail/en/ip_10_...