South Korea searches Chinese chipmaker Montage Technology's office in competition probe - Reuters

South Korean prosecutors raided the offices of Montage Technology, Renesas, and Rambus during an antitrust investigation into memory chip price-fixing. This competition probe targeted the companies to uncover illegal pricing agreements. Following the raids, Montage Technology experienced a significant market decline, with its shares dropping by over 20%. The investigation focuses on potential violations of competition laws within the memory chip industry, involving these specific chipmakers as authorities search for evidence of price-fixing activities.