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HP Fined $14 Million For 'Cartelization' of Ink Cartridges, Toner, PCs

1 month 2 weeks ago
India's Competition Commission has fined HP India and its partners about 1.4 billion rupees ($14.4 million), alleging the company colluded with resellers to rig government PC bids and fix prices for ink cartridges, toner, and other printing supplies. "It said that HP was aiming to outcompete other OEMs and discourage resellers from selling 'counterfeit' ink and toner," adds Ars Technica. From the report: In an order, the CCI said that HP India worked with five resellers to coordinate their bid prices for government contracts to increase the chances of an HP partner winning the contracts. The company was fined 1.3 billion rupees (about $13.1 million). [...] HP was also fined 119.8 million rupees (about $1.2 million) for "indulging in cartelization in sale and supply of supplies products comprising of toner, cartridges, and other consumable used with print hardware products," CCI said in its announcement. The agency also fined 21 HP resellers 35.2 million rupees (about $365,335). In a separate order, the CCI said that WhatsApp records showed that HP and 16 of its Tier-2 reseller partners operated "in a collusive arrangement" and that the messages show the companies engaging in "bid rigging, including cover bidding, price fixation, and customer allocation during 2017-2020." HP India played a central role, the regulator said. Per the order, HP India said that high printing supply prices led some resellers to threaten to "shift to low-cost counterfeit products to compete on price." "HP India was commercially forced into a position where it had to support the collusive arrangement adopted by the Tier-2 resellers," the order reads. For its part, the order said that HP India "humbly objects to HP India's role being characterized as a 'kingpin' of the entire collusive arrangement." [...] The CCI also ordered HP India and its channel partners to "cease and desist from anti-competitive conduct" and to hold competition compliance training programs within 60 days.

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TSMC To Invest Additional $100 Billion In Arizona

1 month 2 weeks ago
TSMC said it will invest another $100 billion in Arizona after reporting a record 77.4% year-over-year jump in second-quarter profit. The expansion would bring its total U.S. investment to $265 billion and include new fabs for 2-nanometer production and advanced packaging to serve major U.S. customers. The Associated Press reports: As AI-related demand continues to jump and needs for computing power from data centers surge, TSMC has been expanding chip fabrication plants in the U.S., Japan and Taiwan. It said it is increasing its annual capital expenditure budget for this year to $60 billion-$64 billion, up from an earlier estimate of $52 billion-$56 billion. TSMC, or Taiwan Semiconductor Manufacturing Co., is a key supplier to Nvidia and Apple. It had previously already committed $165 billion in the U.S. for building plants in Arizona, with six fabrication facilities planned. The extra $100 billion in investments are to "support the strong multiyear demand from our leading U.S. customers," C.C. Wei, chairman and CEO of TSMC, said during the company's quarterly earnings conference Thursday. An additional four fabrication plants in Arizona will likely be built with the new investments, TSMC said. They will focus on making some of the most advanced chips that are 2-nanometer and below.

Read more of this story at Slashdot.

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