EU Raids Smart-Card Chip Makers In Cartel Probe

Law360, New York (January 7, 2009, 12:00 AM EST) -- Citing antitrust concerns, the European Commission has raided several companies, including STMicroelectronics, that make smart card chips used in cell phones and bank and identity cards.

The commission conducted the surprise visits to the manufacturers' facilities on Oct. 21, 2008, the regulator confirmed Wednesday. The EC declined to say which companies it had targeted, though a number of the chip makers have confirmed their involvement.

A spokesman for Geneva-based STMicroelectronics, which has facilities throughout Europe, said unannounced inspectors visited the company in October and noted that...
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