European Commission Goes After 13 Optical Drive Makers for Price-Fixing

Thu, Jul 26 2012 1:29 AM CDT

Optical disc drives are components buyers are least bothered about, when purchasing parts to build a PC, or replace a broken one. The EU's regulators have found something fishy even with companies making these roughly-20 PC components. According to the European Commission (EC), 13 optical disc drive vendors may have conspired to fix prices of their products on a global scale, and that affects European consumers, as well.

European Commission Goes After 13 Optical Drive Makers for Price-Fixing | TweakTown.com

The EC is investigating 13 drive suppliers, and 2 major PC OEMs (pre-built PC vendors), for conducting and participating in what is known as bid rigging scheme, a serious antitrust violation. In bid rigging schemes, the bidders and contractees conspire to rig their prices so that a particular supplier wins the bid. Penalties for such a violation include 10% of worldwide turnover set as fines.

Last updated: Apr 7, 2020 at 12:06 pm CDT

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