But are the memory chip producers acting like a cartel? In the past they have not. When there was a shortage, they increased production as rapidly as they could build the new fabs, crashing the price of memory.

>In the past they have not.

Well guess what :) They've done it before, they will do it again.

"To date, five manufacturers have pleaded guilty to their involvement in an international price-fixing conspiracy between July 1, 1998, and June 15, 2002, including Hynix, Infineon, Micron Technology, Samsung, and Elpida.[1]"

[1]https://en.wikipedia.org/wiki/DRAM_industry_price_fixing

Wasn't that bad for business last time? I could see them erring on slower build up because of how it went before, if they're not sure how long this demand will last especially