Feeds

Mobile SIM chip-makers 'will be fined by EU' for price-fixing, say sources

EU regulators could sting them for 10% of global revenues

Designing a Defense for Mobile Applications

EU antitrust regulators are set to fine Samsung, Philips, Infineon Technologies and other tech firms for fixing the prices of chips used in mobile SIM cards, familiar folks whispered to Reuters.

The European Commission kicked off a probe of the chips used in telly smart cards, passports, mobiles and ATM cards all the way back in 2008. The antitrust division of Europe’s watchdog reckoned that the chip-making firms were exchanging commercially sensitive information and fixing prices.

In 2013, the European Union watchdog charged them with taking part in a cartel.

If found guilty of collusion in the market, the firms could be on the hook for up to 10 per cent of their global revenue, under European competition laws.

Sources said today that the commission would be fining the firms late in July, or alternatively in September, but didn’t want to be named as the decision has yet to be made public.

The antitrust division told The Register that it didn’t have any comment on the reports as the investigation is still ongoing.

The familiar folk also claimed that fellow chipmaker Renesas wouldn’t be fined by the commission because it had alerted regulators to the issue. ®

Securing Web Applications Made Simple and Scalable

More from The Register

next story
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
MPs wave through Blighty's 'EMERGENCY' surveillance laws
Only 49 politcos voted against DRIP bill
EU's top data cops to meet Google, Microsoft et al over 'right to be forgotten'
Plan to hammer out 'coherent' guidelines. Good luck chaps!
US judge: YES, cops or feds so can slurp an ENTIRE Gmail account
Crooks don't have folders labelled 'drug records', opines NY beak
Delaware pair nabbed for getting saucy atop Mexican eatery
Burrito meets soft taco in alleged rooftop romp outrage
LightSquared backer sues FCC over spectrum shindy
Why, we might as well have been buying AIR
'Two-speed internet' storm turns FCC.gov into zero-speed website
Deadline for comments on net neutrality shake-up extended to Friday
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.