Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Business
bank cards
Brussels
cartel formation
cartels
chips
European Commission
fine
identity cards
microchips
NXP Semidonductors
Philips
Philips no longer makes microchips
phones
Tuesday, June 24, 2014 - 11:23
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Philips may be fined for microchip cartel

Philips may be fined by the European Commission (EC) for the formation of cartels in the fabrication of microchips. Sources in Brussels have reported this to Omroep Brabant.  Microchips are no longer made by Philips, not since 2006. The branch went independent under the name NXP Semiconductors. The offense is almost expired, then, meaning that the European Commission has to make a decision about the possible fine before the 9th of September. According to sources, Philips is trying to stretch time on the case by shooting holes in the arguments coming from the Commission in Brussels. The European Commission announced earlier that there is suspicion that several microchip fabricators - for mobile phones, bank cards and identity cards - have formed cartels, which are strategies associations of corporations or manufacturers use to minimize competition and keep prices high.

Follow us:

Latest stories

  • Dutch students less interested in German studies; Spanish gaining popularity
  • Women's prison guard suspected of sexual abuse
  • Mondriaan painting sold for $315,000 in New York
  • Netherlands teaming up with Germany, Denmark for more offshore wind farms
  • Satanic pedophile network tales cost conspiracy theorists €215,000 in damages
  • Rutte's lack of transparency a pattern, opposition says in deleted texts debate

Top stories

  • Storm warning intensified: Code orange alert issued for three Dutch provinces
  • Cabinet cutting €2.2 billion from climate, development funds to push into Defense: report
  • PM Rutte's deleted texts can't be recovered; Parliamentary debate today
  • Thunderstorms in Netherlands on Thursday: Code Yellow
  • More substantial minimum wage increase set for next year: Report
  • Labor strike to shut The Hague public transportation on June 2

© 2012-2022, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content