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IFX - Infineon Technologies AG News Story

€30.47 -1.0  -3.3%

Last Trade - 12/05/21

Sector
Technology
Size
Large Cap
Market Cap £35.20bn
Enterprise Value £38.41bn
Revenue £8.58bn
Position in Universe 36th / 1053

EU court cuts Infineon antitrust fine to 76.87 mln euros

Wed 8th July, 2020 10:23am
BRUSSELS, July 8 (Reuters) - Europe's second top court on
Wednesday cut German chipmaker Infineon Technologies' 82.78
million euro ($93.3 million)antitrust fine to 76.87 million
euros.
    The Luxembourg-based General Court said EU competition
enforcers took insufficient account of the limited number of
anti-competitive contacts Infineon had with its rivals.
    The Court of Justice of the European Union in 2018 told the
General Court to review the case again after Infineon appealed
the lower tribunal's 2016 ruling, rejecting its challenge
against the EU antitrust fine.
    The case is T-758/14 RENV Infineon.
    ($1 = 0.8872 euros)

 (Reporting by Foo Yun Chee, editing by Louise Heavens)
 ((foo.yunchee@thomsonreuters.com; +32 2 287 6844; Reuters
Messaging: foo.yunchee.thomsonreuters.com@reuters.net))
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