Dutch electronics giant Philips has been fined €20m by the European Commission for its role in a 10-year-old smart card chip producer cartel.
In total, Brussels levied fines of €138m on Philips, Infineon, Samsung and Renesas (then a joint venture between Hitachi and Mitshubishi). The fine dates back to the period 2003-2005.
Philips has since divested its smart card chips business but remains liable for what happened during the period of the infringement, Brussels said in a statement.
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.Make a donation