EU regulators
are poised to fine Philips, Samsung Electronics Co Ltd and Infineon
Technologies AG in the coming weeks for fixing prices of chips used in
mobile SIM cards, two people familiar with the case said on Tuesday.
The case started with dawn
raids on the companies by the European Commission in October 2008.
The
European Union watchdog charged them last year with taking part in a
cartel.
The chips are also used in passports, bank cards, identity cards and television systems.
"The
companies may be fined in late July or possibly September," said one of
the sources, who declined to be named as the EU decision is not yet
public.
Officials with the
commission, Philips and Infineon declined to comment. Samsung officials
were not immediately available for comment. Philips said last year that
the EU charges covered the period 2003 to 2004 and involved its
semiconductor business which it has since sold.
read full article at Reuters
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