The Department of Justice has secured pleas in a conspiracy to raise and fix prices of a key electronic component that affected millions of American consumers purchasing video and computer-related products, among many others.
The DOJ says Rubycon Corporation, Elna and Holy Stone Holdings Co. have agreed to plead guilty in a conspiracy to fix the prices of electrolytic capacitors, which are an integral part of electrical circuits used to regulate and store currents, which are included in a host of US products such as TVs, computers, DVD players, video and still cameras and gaming systems.
The capacitors at issue were sold to manufacturers and sellers in the US in significant quantities and under major US and overseas brands, said DOJ, without naming any names.
The companies got together to fix, increase and maintain prices.
“The electrolytic capacitors conspiracy affected millions of American consumers who use electronic devices containing capacitors every day,” said deputy assistant attorney general Brent Snyder.
The companies will plead guilty to one felony count each for their participation in the worldwide scheme.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Shein Warns of Higher Costs for French Shoppers Amid EU Fee Proposal
May 22, 2025 by
CPI
DOJ Opens Antitrust Probe of Google’s AI Partnership with Character.AI
May 22, 2025 by
CPI
Google’s Unbundling Offer Puts Korean Regulators in Tight Spot
May 22, 2025 by
CPI
Justice Department and FTC Warn Common Ownership Could Breach Antitrust Law
May 22, 2025 by
CPI
South Africa Approves Canal+ MultiChoice Deal
May 21, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Industrial Policy
May 21, 2025 by
CPI
Industrial Strategy and the Role of Competition – Taking a Business Lens
May 21, 2025 by
Marcus Bokkerink
Industrial Policy, Antitrust, and Economic Growth: Some Observations
May 21, 2025 by
David S. Evans
Bolder by Design: Crafting Pro-Competitive Industrial Policies For Complex Challenges
May 21, 2025 by
Antonio Capobianco & Beatriz Marques
Competition-Friendly Industrial Policy
May 21, 2025 by
Philippe Aghion, Mathias Dewatripont & Patrick Legros