Nichicon to plead guilty to fixing prices of electrolytic capacitors

source: Reuters news

WASHINGTON, July 11 (Reuters) – Japan’s Nichicon Corp will plead guilty to fixing the prices of electrolytic capacitors, used in a range of electronics to store and regulate current, and will pay a $42 million fine, the Justice Department said on Tuesday.

Nichicon is the seventh company to be charged with price-fixing in the industry while 10 people have been charged, according to Marvin Price, director of the Antitrust Division’s criminal enforcement unit.

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