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Image header Agence Europe
Europe Daily Bulletin No. 11147
Contents Publication in full By article 13 / 27
ECONOMY - FINANCE - BUSINESS / (ae) antitrust

Smart chip card producers Philips, Samsung and Infineon fined

Brussels, 03/09/2014 (Agence Europe) - Three manufacturers, Philips, Samsung and Infineon, have been fined a little over €138 million for a cartel between 2003 and 2005 on the smart chip markets in the European Economic Area, announced the European Commission on Wednesday 3 September. Smart card chips are used in mobile telephone SIM cards, bank cards, identity cards and passports, pay TV cards, and various other applications.

Despite its involvement in the cartel, Renesas (at the time a...

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