Philips, Samsung and Infineon getting EU 138 million euro fine




Philips, Samsung and Infineon have been fined by the European Commission of a total of 138 million euros. The companies would be prohibited price fixing have made with respect to the market for chips used. Among other SIMs

The European regulator launched in 2008 an investigation into the chip manufacturers. This has shown that Philips, Samsung, Infineon and Renesas mutually fixed the prices for smart card chips that are used for example in SIM cards and debit cards. The prohibited trade practices that according occurred. European Commission between September 2003 and September 2005

Infineon to pay the highest fine in an amount of 82.8 million euros. Philips and Samsung have been sentenced to pay 20.14 and 35.12 million respectively. Renesas, a joint venture of Hitachi and Mitsubishi, will not be charged because the company in the EU knocked on the abuses. Samsung got a “discount” of 30 percent on the penalty because the company would have cooperated in the investigation properly.

Philips, which no longer produces smartcard chips, has indicated it will appeal. The electronics group denies the accusations against him.

In: Technology & Gadgets Asked By: [18418 Red Star Level]

Answer this Question

You must be Logged In to post an Answer.

Not a member yet? Sign Up Now »