EU fines ten chip makers over cartel

[demoleft]

Source: afp

AFP - The EU Commission fined the world's biggest memory chip makers, including Samsung, Infineon and Toshiba, a total of 331 million euros (403 million dollars) on Wednesday for operating a cartel.

The biggest fine, of 145 million euros, was handed down to South Korea's Samsung Electronics.

Germany's Infineon Technologies was fined 56.7 million euros while South Korea's Hynix Semiconductor Inc. will have to pay 51.5 million euros.

Other companies fined for being part of the cartel include Japanese companies Hitachi, Toshiba, Mitsubishi, NEC Electronics and Elpida Memory as well as Taiwan's Nanya.

Read more: http://www.france24.com/en/20100519-eu-fines-ten-chip-makers-over-cartel

---

US chip maker Micron Technology escaped any fine, adds the article.