Tag Archives: Wolfson Microelectronics

Wolfson Microelectronics fined by regulator |

Scottish chip developer Wolfson Microelectronics Рa long-time Apple partner for iPod components Рhas been fined £140,000 for a delay in disclosing insider trading information.

“The FSA said there was a false market in Wolfson shares for 16 days after it failed to reveal the price sensitive information last March,” reports¬†The Guardian.

The claims describe a situation in which the chip maker had been told by a major client (potentially Apple, but that’s speculation on our part) that its components wouldn’t be required in future products, slicing 8 per cent of the firm’s revenue forecasts.

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