TAIPEI -- Taiwan's Asustek Computer, known as Asus, on Friday said it reached an agreement with the European Union to pay about 65 million euros ($77.6 million) to settle allegations of price manipulation in its PC business in Europe.
"Although it is a high price to pay, this is the outcome we have to face and accept," Asus Chief Financial Officer Nick Wu said at the company's earnings briefing for the January-March quarter in Taipei. "Asus will train employees more carefully to abide by the law to prevent a similar case from happening again."
