Friday 5 September 2014

EU fines Samsung, Philips and Infineon over smartcard chip cartel

CHIP TECH
EU fines Samsung, Philips and Infineon over smartcard chip cartel
Brussels (AFP) Sept 03, 2014 - The European Union fined Infineon, Philips and Samsung a total of 138 million euros (181 million dollars) on Wednesday for fixing the prices of smartcard chips, in its latest anti-trust case against technology firms. The German, Dutch and South Korean companies "colluded" between 2003 and 2005 to form the cartel on the chips, which are widely used in mobile phones, bank cards and passports, ... more


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