EU Fines Computer Chip Makers for Price-Fixing

The European Union fined a group of computer chip makers €331.3 million, or $421 million, Wednesday for price-fixing in the first-ever settlement of a cartel case in Europe.Samsung of South Korea, the market leader, received the highest fine, €145.7 million, and Infineon, based in Germany, was second at €56.7 million.
http://www.nytimes.com/2010/05/20/business/global/20cartel.htmlAlso see:An Old Chip Cartel Case Is Brought to a Swift End
The European Union fined a group of computer chip makers 331.3 million euros ($409 million) on Wednesday for price fixing in the first use of a new procedure that allows settlement of cartel cases in Europe.The European competition commissioner, Joaquín Almunia, said on Wednesday that because of the new procedure, he expected to handle some cases in less than six months from the time that a cartel was discovered or reported.
http://www.nytimes.com/2010/05/20/business/global/20cartel.html

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.