Rambus is trading 6.2% down today at $93.55 following reports that South Korean prosecutors raided the company's local offices over suspected price-fixing of memory interface chips.
- The investigation involves alleged collusion regarding chips supplied to major manufacturers, including Samsung and SK Hynix, under the South Korean Fair Trade Act.
- While the broader semiconductor sector is facing general weakness, the legal raids are cited as the primary driver for today's price action.