Europe's second top court on Wednesday cut German chipmaker Infineon Technologies' 82.78 million euro (US$93.3 million)antitrust fine to 76.87 ...
BRUSSELS: Europe's second top court on Wednesday cut Infineon Technologies' cartel fine by 7per cent to 76.87 million euros , saying that the German chipmaker had fewer anti-competitive contacts with other cartel members than EU antitrust regulators had said.
The European Commission had in 2014 imposed a total fine of 138 million euros on Infineon, Philips and Samsung Electronics for taking part in a cartel between 2003 and 2005. Infineon's penalty at 82.78 million euro was the biggest.Japanese chipmaker Renesas escaped a fine because it alerted the cartel to the EU competition enforcer.
The Court of Justice of the European Union in 2018 told the General Court to review the case again after Infineon appealed the lower tribunal's 2016 ruling, rejecting its challenge against the EU antitrust fine.The judgment can be appealed to the CJEU on points of law. The case is T-758/14 RENV Infineon.
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