| Author (Person) | Tait, Nikki |
|---|---|
| Series Title | Financial Times |
| Series Details | 20.5.10 |
| Publication Date | 20/05/2010 |
| Content Type | News |
|
The European Commission adopted on the 19 May 2010 its first settlement decision in a cartel case involving 10 producers of memory chips or DRAMS used in computers and servers. The fine totalling €331m million included a reduction of 10% for the companies' acknowledgement of the facts. The addressees of the decision are: Micron, Samsung, Hynix, Infineon, NEC, Hitachi, Mitsubishi, Toshiba, Elpida and Nanya. Micron, however, was not fined because it revealed the existence of the cartel to the Commission. Cartel settlements allow the European Commission to speed up investigations, free up resources to deal with other cases and generally improve the efficiency of its antitrust enforcement. |
|
| Related Links |
|
| Subject Categories | Internal Markets |
| Countries / Regions | Europe |
