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EU Chip Cartel

The European General Court on Thursday upheld a collective $107 million fine against Philips and Infineon for their roles in a cartel to slow down price drops in the smart card chip market, rejecting claims that there was no cartel to begin with.

LUXEMBOURG – The European General Court on Thursday upheld a collective $107 million fine against Philips and Infineon for their roles in a cartel to slow down price drops in the smart card chip market, rejecting claims that there was no cartel to begin with.

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