LUXEMBOURG Dec 15 Philips and Infineon
lost an appeal on Thursday against a combined 102.9
million euro ($107.8 million) cartel fine after a European court
said EU antitrust regulators was correct to find they had fixed
prices of smart card chips.
The European Commission in its 2014 decision handed down a
total fine of 138 million euros to Philips, Infineon and Samsung
for operating a smart card chip cartel in Europe.
Infineon's penalty was 82.78 million and Philips' 20.15 million.
Renesas escaped a fine because it alerted the cartel to the
authorities. Smart card chips are used in bank cards, telephone
SIM cards and identity cards.
The Luxembourg-based General Court, Europe's second-highest,
dismissed the companies' appeal and upheld the fines.
"The Court states that the Commission was correct to find
that Philips and Infineon had participated in anti-competitive
practices," judges said.
The companies can take their case to the Court of the
European Union but only on points of law.
The cases are T-758/14 Infineon Technologies AG v Commission
and T-762/14 Koninklijke Philips NV and Philips France v
($1 = 0.9543 euros)
(Reporting by Philip Blenkinsop and Foo Yun Chee; editing by