The European Commission has
fined Philips for more than twenty million Euros because of illegal cartel
agreements concerning the chip division.
This division has in the meantime been sold. Between 2003-2005, Philips was one of four
companies which exchanged data about prices, clients, contract negotiations and
contract capacity. These transgressions
concerned chips in mobile phones, bank cards, and passports.Saturday, September 6, 2014
European Commission Fines Philips
The European Commission has
fined Philips for more than twenty million Euros because of illegal cartel
agreements concerning the chip division.
This division has in the meantime been sold. Between 2003-2005, Philips was one of four
companies which exchanged data about prices, clients, contract negotiations and
contract capacity. These transgressions
concerned chips in mobile phones, bank cards, and passports.
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