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

Boost IT visibility and business value

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. ®

The Essential Guide to IT Transformation

More from The Register

next story
Just TWO climate committee MPs contradict IPCC: The two with SCIENCE degrees
'Greenhouse effect is real, but as for the rest of it ...'
'Blow it up': Plods pop round for chat with Commonwealth Games tweeter
You'd better not be talking about the council's housing plans
Arrr: Freetard-bothering Digital Economy Act tied up, thrown in the hold
Ministry of Fun confirms: Yes, we're busy doing nothing
Government's 'Google Review' copyright rules become law
Welcome in a New Era ... of copyright litigation
Help yourself to anyone's photos FOR FREE, suggests UK.gov
Copyright law reforms will keep m'learned friends busy
Apple smacked with privacy sueball over Location Services
Class action launched on behalf of 100 million iPhone owners
Adam Afriyie MP: Smart meters are NOT so smart
Mega-costly gas 'n' 'leccy totting-up tech not worth it - Tory MP
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.