EU fines Sony, Panasonic and Sanyo over battery cartel

December 12, 2016

The European Union's anti-trust watchdog has fined Sony, Panasonic and Sanyo for price fixing in the market for batteries used in laptops and mobile phones.

The European Commission, which polices competition issues in the EU, fined the three a total of 166 million euros ($176 million) for breaking along with Samsung SDI.

Samsung SDI avoided a fine because it blew the whistle on the cartel.

EU Competition Commission Margrethe Vestager said in a statement Monday that collusion among the four "affected the prices of a number of goods sold to European consumers."

A Commission probe found the companies met together over more than four years, often in Asia, to plan ways to avoid aggressive competition in the rechargeable lithium-ion battery market.

Explore further: EU fines Samsung, nine other chip makers over cartel

Related Stories

EU opens anti-trust probe into Qualcomm

July 16, 2015

The EU launched an anti-competition probe Thursday into US computer chip giant Qualcomm, the latest of a series of investigations into top American companies.

EU slaps huge fine on South Korea, Taiwan LCD cartel

December 8, 2010

The European Commission has imposed 649 million euros in fines on South Korean and Taiwanese electronics firms for secretly fixing prices of LCD flat screens for Europe's TVs and computers.

Recommended for you

Technology near for real-time TV political fact checks

January 18, 2019

A Duke University team expects to have a product available for election year that will allow television networks to offer real-time fact checks onscreen when a politician makes a questionable claim during a speech or debate.

Privacy becomes a selling point at tech show

January 7, 2019

Apple is not among the exhibitors at the 2019 Consumer Electronics Show, but that didn't prevent the iPhone maker from sending a message to attendees on a large billboard.

China's Huawei unveils chip for global big data market

January 7, 2019

Huawei Technologies Ltd. showed off a new processor chip for data centers and cloud computing Monday, expanding into new and growing markets despite Western warnings the company might be a security risk.

0 comments

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.