Rambus is trading 4.9% down at $96.48 following reports that South Korean prosecutors raided its local offices over suspected price-fixing of memory interface chips.
- The investigation involves allegations of price-fixing for chips supplied to major industry players including Samsung Electronics, SK hynix, and Micron.
- The stock's decline is exacerbated by a broader semiconductor sell-off as investors weigh rising capital spending against stretched AI-related valuations.