Philips, Samsung and Infineon fined for agreeing chip prices
The electronics giants «conspired» to determine prices, contracts and capacity between 2003 and 2005, the EC said.
German semiconductor company Infineon was ordered to pay € 82.2m ($ 108m), Samsung 35.1 ($ 46m) and Philips 20.2 ($ 26m) .
Infineon and Dutch Philips have dismissed the charge and said they will appeal the decision. South Korean Samsung has yet to comment on the decision.
Renesas, a joint venture between Hitachi and Mitsubishi, avoided being fined for revealing the existence of the cartel, the EC explained.