EU fines Asus, Philips, and others for price fixing PC hardware and electronics

EU fines Asus, Philips, and others for price fixing PC hardware and electronics

5 years ago
Anonymous $RBasgWKaIV

https://www.pcgamer.com/eu-fines-asus-philips-and-others-for-price-fixing-pc-hardware-and-electronics/

The European Commission is handing out fines left and right as of late. Fresh off of smacking Google's parent company Alphabet with a record €4.2 billion ($5 billion) penalty for breaking antitrust laws related to how it handles Android, the EU announced it has fined Asus and three other consumer electronics makers €111 million ($130 million) for fixing online prices of computers and various gadgets.

Asus absorbed the largest penalty of the bunch, with the Commission levying a €63.5 million ($74.2 million), which is the amount after subtracting 40 percent for cooperating with the investigation.