Component makers fined for price cartels

Taiwan scene - pic Mike MageeThe Taiwanese Fair Trade Commission (FTC) fined 10 manufacturers making aluminium and tantalum capacitors for fixing prices between themselves.

The FTC doled out fines amounting to $175.5 million after it found the companies had been colluding on pricing.

According to the Taipei Times, the FTC, in collaboration with international antitrust authorities, started the investigation last year and procured evidence showing the firms had broken laws between 2005 and January last year.

Some companies owned up to their misdeeds in order to get a lighter fine.

The companies are Nippon Chemi-Con, Rubycon, Sanyo, Nichicon, NEC Tokin, Matsuo Electric and Vishay Polyptych.