Philips Said to Face EU Fine Over Chips Before Deadline
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European Union antitrust regulators are working to meet a deadline to fine Royal Philips NV for fixing the price of chips used in smart cards, according to two people with knowledge of the case.
EU investigators must make a decision to fine the Dutch company by Sept. 9 to avoid the 10-year statute of limitations on penalties for antitrust violations, said the people, who asked not to be identified because the decision isn’t public. Philips is one of three companies targeted for penalties, they said.