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Infineon asks EU court for reduction of antitrust fine in smartcard-chips cartel

By Arezki Yaïche ( November 14, 2019, 14:11 GMT | Insight) -- Chipmaker Infineon appeared today at the EU's General Court, to ask for a reduction of the 82.8 million-euro fine imposed in 2014 by the European Commission over its participation in a smartcard-chips cartel. The German company's lawyers told EU judges that an incomplete judicial review of the commission's decision led to a disproportionate fine, which should be substantially reduced.Chipmaker Infineon appeared today at the EU's General Court, to ask for a reduction of the 82.8 million-euro fine ($91 million today) imposed in 2014 by the European Commission over its participation in a smartcard-chips cartel....

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