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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