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The EU General Court orders that the fine imposed on a semiconductor manufacturer for its participation in a cartel in the smart card chip market be reduced by almost €6 million, from €82,784,000 to €76,871,600 (Infineon Technologies)

The General Court orders that the fine imposed on Infineon for its participation in a cartel in the smart card chip market be reduced by almost €6 million, from €82,784,000 to €76,871,600* The Commission took insufficient account of the limited number of the anticompetitive contacts which Infineon had had with its competitors and also found that that company had had a contact without succeeding in proving its existence. By decision of 3rd September 2014, [1] the Commission established the existence, from 2003 to 2005, of a cartel in the smart card chip sector in the European Economic Area (EEA). In the context of that cartel, several undertakings, namely Infineon, Philips, Samsung and Renesas, [2] had coordinated their pricing policy through a network of bilateral contacts and

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European Court of Justice, The EU General Court orders that the fine imposed on a semiconductor manufacturer for its participation in a cartel in the smart card chip market be reduced by almost €6 million, from €82,784,000 to €76,871,600 (Infineon Technologies), 8 July 2020, e-Competitions Preview, Art. N° 95769

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