South Korea prosecutors conducted a surprise search, causing a 18% drop in Lanxtech's stock. Lanxtech responded by saying they are still understanding the situation.
On July 16th, market news reported that the South Korean prosecutors recently conducted a raid on offices of Lam Research, Renesas Electronics of Japan and Rambus of the United States in South Korea, investigating the alleged collusion of the three companies in semiconductor component prices. When a journalist called the Lam Research's secretary's office for comment, a staff member responded that they are currently understanding the situation and progress, and are unable to provide more information at this time. As a result of the above news, Lam Research's stock price saw a significant decline in the afternoon of July 16th, with a decrease of 18% at the time of publication.
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