EU launches probe into suspected chipmaker cartel

Apr 22, 2013
A model demonstrates how to use a mobile phone handset equipped with a smartcard chip to pay an auto vending machine in Tokyo, 11 July 2005. EU anti-trust authorities have announced a formal cartel probe into smartcard chipmakers—the motors for everything from bank and mobile SIM cards to electronic ID papers, after talks aimed at securing an amicable settlement broke down.

EU anti-trust authorities announced on Monday a formal cartel probe into smartcard chipmakers—the motors for everything from bank and mobile SIM cards to electronic ID papers, after talks aimed at securing an amicable settlement broke down.

"The European Commission has informed a number of suppliers of smart card chips of its preliminary view that they may have participated in a cartel, in breach of EU ," said a statement from European Union Competition Commissioner Joaquin Almunia.

The sending of a "statement of objections" is a legal step that does not necessarily result in a fine, but underlines that "the Commission has concerns that certain chips suppliers may have agreed or coordinated their behaviour ... in order to keep prices up."

Almunia added: "It is not because fail that companies get off the hook ... The Commission will not hesitate to revert to the normal procedure and to pursue the suspected infringement."

The companies involved were not immediately named.

Explore further: EU Parliament votes to break up Google

add to favorites email to friend print save as pdf

Related Stories

EU fines Samsung, nine other chip makers over cartel

May 19, 2010

The EU Commission fined the world's biggest memory chip makers, including Samsung, Infineon and Toshiba, a total of 331 million euros (403 million dollars) on Wednesday for operating a cartel.

Microsoft did not meet browser commitments 2011-12: EU

Oct 24, 2012

Microsoft did not meet commitments to provide clients a web browser choice in 2011-12, the European Commission said Wednesday as it pursued a probe that could lead to more fines for the US software giant.

US Google ruling has no impact on EU probe: Brussels

Jan 04, 2013

The decision by US authorities to close down an 18-month anti-trust investigation into Internet giant Google has no bearing on what the EU will do with its own probe, the European Commission said Friday.

EU hails Google's proposals in antitrust probe

Jul 24, 2012

The EU hailed on Tuesday proposals that Google has made after regulators launched an anti-trust probe into whether the Internet search giant had abused its dominant market position.

Recommended for you

EU Parliament votes to break up Google

Nov 27, 2014

The European Parliament voted overwhelmingly for the break-up of Google Thursday in a largely symbolic vote that nevertheless cast another blow in the four-year standoff between Brussels and the US Internet ...

Toyota finds new air bag issue, recalls more cars

Nov 27, 2014

Toyota Motor Corp. recalled more than 40,000 vehicles in Japan on Thursday as part of a worldwide scare over defective air bags and is investigating a new type of air bag problem that could lead to further recalls.

Netflix sues Yahoo CIO for alleged kickbacks

Nov 26, 2014

Netflix is suing a former company vice president who is now chief information officer at Yahoo, accusing him of receiving money from vendors he hired to work with the video streaming company.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.