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: Baidu profit up 34 percent as mobile service grows

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

Report: China to declare Qualcomm a monopoly

1 hour ago

(AP)—Chinese regulators have concluded Qualcomm Inc., one of the biggest makers of chips used in mobile devices, has a monopoly, a government newspaper reported Friday.

Nokia profits rise after sale of handset division

22 hours ago

(AP)—Telecommunications and wireless equipment maker Nokia Corp. saw its shares surge on Thursday after it reported higher profits and an improved earnings outlook in the wake of its sale to Microsoft of its troubled handset ...

User comments : 0