October 10, 2018

Electrolytic capacitor manufacturer guilty of price fixing, to pay $60 million fine

A leading electrolytic capacitor manufacturer that pleaded guilty to price fixing has been ordered to pay a $60 million criminal fine and has been sentenced to a five-year term of probation.

According to the U.S. Department of Justice (DOJ), Nippon Chemi-Con suppressed and eliminated competition for electrolytic capacitors that store and regulate electrical current in several electronic products such as computers, televisions, car engines, airbag systems and home appliances.

Read the source article at Legal Newsline

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