by Staff Writers
Brussels (AFP) April 22, 2013
EU anti-trust authorities announced on Monday a formal cartel probe into smartcard chipmakers -- the motors for everything from bank and mobile SIM cards to electronic ID papers, after talks aimed at securing an amicable settlement broke down.
"The European Commission has informed a number of suppliers of smart card chips of its preliminary view that they may have participated in a cartel, in breach of EU antitrust rules," said a statement from European Union Competition Commissioner Joaquin Almunia.
The sending of a "statement of objections" is a legal step that does not necessarily result in a fine, but underlines that "the Commission has concerns that certain chips suppliers may have agreed or coordinated their behaviour ... in order to keep prices up."
Almunia added: "It is not because settlement talks fail that companies get off the hook ... The Commission will not hesitate to revert to the normal procedure and to pursue the suspected infringement."
The companies involved were not immediately named.
Computer Chip Architecture, Technology and Manufacture
Nano Technology News From SpaceMart.com
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|