EU court upholds millions of fines against computer suppliers

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Logos from Sony and Toshiba

The EU judges dismissed on Friday a complaint by the companies against the fines totaling more than 100 million euros.


(Photo: Reuters)

LuxembourgThe EU court has millions of penalties Sony. Toshiba and other manufacturers, who are said to have boosted prices for computer parts in a cartel. The EU judges dismissed on Friday a complaint by the companies against the fines totaling more than 100 million euros.

The EU Commission acted against the Asian companies in 2015. According to information of the Brussels authority they had in tenders of the PC manufacturers Dell and Hewlett Packard for optical drives between 2004 and 2008 agreed and thus the competition leveraged. The EU court has now confirmed the Commission's approach and the fines.

From various companies of the Sony group the commission demanded altogether scarcely 31 million euro, of Hitachi-LG around 37 million euros and from Toshiba Samsung good 41 million euros. Quanta Storage received a fine of 7.1 million euros. Philips and Lite-On were spared because they had reported the cartel.

More: In a strategic partnership, the two tech companies want to strengthen their cloud business. It is not the first cooperation of this kind.

(tagToTranslate) Sony (t) Toshiba (t) EU (t) Cartel (t) Price fixing (t) Antitrust policy (t) Antitrust by industry (t) Crime (t) Unfair competition (t) Lite-On (t) Philips (t) Hewlett-Packard (t) Hitachi (t) Quanta Computer (t) Samsung (t) Toys

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