The European Commission has informed ten manufacturers of electrolytic capacitors that it suspects them of having participated in a cartel, in breach of Article 101. Electrolytic capacitors are used to store electrical energy, for example to smooth the output of power supplies and to activate camera flashes.
They are used in many electronic products, including televisions, games consoles and mobile phones.
The Commission has concerns that, from at least 1997 to 2014, the ten manufacturers met in a range of multilateral meetings in Japan to discuss future market trends, prices and specific customer information. The Commission is also concerned that these multilateral meetings appear to have been supplemented with additional bi- or tri-lateral discussions between the companies. Click here.