September 26, 2018 / 9:13 AM / in 23 days

Infineon wins court fight against EU cartel fine

BRUSSELS, Sept 26 (Reuters) - Germany’s Infineon Technologies on Wednesday won its fight against an 82.2 million euro ($96.74 million) European Union cartel fine after Europe’s highest court told a lower tribunal to review the size of its penalty.

Infineon, which received the biggest sanction, Philips and Samsung Electronics, were hit with a total fine of 138 million euros in 2014 for fixing prices of chips used in mobile SIM cards.

$1 = 0.8497 euros Reporting by Foo Yun Chee, editing by Louise Heavens

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