I think we are all forgetting the fact that there was a huge memory supply glut (and historic low memory prices) that starved memory manufacturer from investing

I think we are all forgetting the fact that there was a huge memory supply glut (and historic low memory prices) that starved memory manufacturer from investing in new capacity back in 2015 and 2016. Many industry observers predicted future price hike in 2017 and 2020 as a result of many money-losing quarters and (lack of) investment. I don't see any evidence of price-fixing this time around.