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STMicroelectronics says raided in EU cartel probe

Chipmaker STMicroelectronics said on Wednesday it was one of the companies raided in October by the European Commission on suspicion of cartel activity.

“Yes, we were the object of the dawn raids in October,” a spokeswoman for the company said.

“We did have a visit from the European Commission regarding the investigation, but we understand that this (is) a very early stage, we haven't had any complaint following the dawn raids,” she said, without specifying which premises were raided. (Reuters)