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EU fines Infineon, Philips, Samsung 138 mln euros

English.news.cn   2014-09-03 20:21:00

BRUSSELS, Sept. 3 (Xinhua) -- The European Commission has imposed over 138 million euros (181 million U.S. dollars) fines on Infineon, Philips, Samsung for coordinated their market behavior for smart card chips to form a cartels, an official statement said on Wednesday.

"The companies colluded through bilateral contacts that took place in the period between September 2003 and September 2005," the statement said.

The German company Infineon was fined 82.78 million euros, the Dutch firm Philips 20.14 million euros and the South Korean Samsung 35.11 million euros, with Samsung receiving a reduction of 30 percent of its fine for cooperating with the investigation.

The commission said any person or firm affected by anti-competitive behavior as described in this case may bring the matter before the courts of the Member States and seek damages. (1 euro = 1.31 U.S. dollars)

Editor: Shen Qing
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