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Chipmakers fined by EU for price-fixing

• jacquesm 16y ago
  Interesting that micron escaped the fine, they should at a minimum have been punished a bit, maybe a reduced fine, but no fine at all ? Then the scheme is simple, fix prices with a bunch of buddies, reap the profits, rat them all out and keep the profits. And a fine is great, but doesn't this open the doors to lawsuits by customers of these companies to be compensated for the profits the cartel made over and beyond the price as determined by the market?
  • ZeroGravitas 16y ago
    But how would you be able to form a cartel if everyone has a strong financial incentive to rat the others out?