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Samsung, Infineon, Philips fined for smart card chip cartel
2014-09-04 08:55:00| Telecompaper Headlines
(Telecompaper) The European Commission has found that Infineon, Philips, Samsung and Renesas coordinated their market behaviour for smart card chips, in breach of EU rules that prohibit cartels. The Commission imposed fines totaling EUR 138 million on three of the companies, while Renesas benefited from immunity after it revealed the cartel to the EC. An earlier attempt at a settlement with the companies proved unsuccessful. According to the Commission, the companies colluded through bilateral contacts in the period September 2003 to September 2005, when they discussed respective responses to customer requests to lower prices. The smart card chips are used in SIM cards, bank cards, identity cards and passports, pay TV cards, and various other applications. Infineon received the largest fine of EUR 82.8 million, and Philips will pay EUR 20.1 million. Samsung received a 30 percent reduction for cooperating, putting its fine at EUR 35.2 million.
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samsung
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philips
Electronics giants fined for cartel
2014-09-03 15:18:12| BBC News | Business | UK Edition
Philips, Samsung and Infineon are fined 138m euros by the European Commission for fixing prices of chips used in smartphones.
Tags: electronics
giants
cartel
fined
PG&E to be fined $1.4 billion for San Bruno explosion
2014-09-03 00:08:17| Energy - Topix.net
State regulators on Tuesday proposed a $1.4 billion fine to punish PG&E for its role in a fatal natural gas explosion in San Bruno -- but the fines are far less than the $2.25 billion recommended by regulatory staff and consumer groups.
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billion
bruno
explosion
PG&E fined $1.4B for deadly 2010 gas line blast
2014-09-02 22:00:36| Energy - Topix.net
California regulatory judges issued a $1.4 billion penalty on Tuesday against the state's largest utility for a 2010 gas pipeline explosion that engulfed a suburban San Francisco neighborhood in fire, killing eight people and prompting national alerts about aging pipelines.
DuPont Fined For Eight Chemical Leaks
2014-08-30 03:19:00| Chemical Processing
DuPont will pay a fine in excess of $1 million for leaks that occurred at the companys Kanawha County, WV facility.
Tags: chemical
dupont
leaks
fined
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