Reuters: Technology News: EU regulators say smart cart chipmakers may have been in cartel

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EU regulators say smart cart chipmakers may have been in cartel Apr 22nd 2013, 09:50 BRUSSELS | Mon Apr 22, 2013 5:50am EDT BRUSSELS (Reuters) - A group of smart card chipmakers may have taken part in a cartel to keep prices high in breach of EU antitrust rules, the European Commission said on Monday. The EU competition authority said in a statement it had sent a statement of objections setting out its concerns to the companies. It did not identify the firms. The case started in January 2009 with raids on companies in several EU countries. Infineon Technologies and NXP Semiconductors have previously said they are cooperating with the Commission's investigation. Japan's Renesas Technology - a joint venture between Hitachi Ltd and Mitsubishi Electric, and STMicroelectronics have confirmed the regulatory raids.

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