Six Taiwan executives charged in US with price-fixing

Jun 10, 2010
A woman passes by a display of LCD HDTV televisions for sale in San Francisco, California in 2009. Six employees of a Taiwanese maker of liquid crystal display (LCD) panels and its US subsidiary have been charged with price-fixing, the US Justice Department said Thursday.

Six employees of a Taiwanese maker of liquid crystal display (LCD) panels and its US subsidiary have been charged with price-fixing, the US Justice Department said Thursday.

A federal grand jury in San Francisco charged the six executives with AU Optronics Corp. and its Houston-based US subsidiary AU Optronics Corp. America with conspiring to fix LCD prices, the department said in a statement.

Two former executives with Taiwan's Chunghwa Picture Tubes Ltd. and one from South Korea's LG Display Co. Ltd. have already been indicted in the same case, part of a sweeping US probe into price-fixing worldwide.

The six executives of AU Optronics, which is based in Hsinchu, Taiwan, were charged with conspiring to fix the prices of LCD panels, which are used in computer monitors, televisions, mobile phones and other , between September 2001 and December 2006

They were identified as AU Optronics president Hsuan Bin Chen, AU Optronics executive vice president Hui Hsiung, and four other AU executives: Lai-Juh Chen, Shiu Lung Leung, Borlong Bai and Tsannrong Lee.

They could face a maximum of 10 years in prison if convicted of the price-fixing charges and fines of one million dollars each.

Six electronics firms have pleaded guilty in connection with the case and paid fines totaling more than 860 million dollars. Seventeen executives have been charged so far.

Explore further: Taiwan factory workers win $18 mn over cancer deaths

Related Stories

Taiwan's AU seeks injunction on LG exports to US

May 02, 2010

Taiwan's AU Optronics Corp said Sunday it would seek an injunction barring South Korean rival LG Display from exporting some products to the United States after winning a patent row.

Nokia sues top LCD, CRT display makers

Dec 01, 2009

(AP) -- Nokia Corp., the world's biggest mobile phone maker, said Tuesday it has filed suits against several leading liquid crystal display makers - including Philips, Toshiba, Sharp and Samsung - for alleged price fixing.

Recommended for you

Taiwan factory workers win $18 mn over cancer deaths

Apr 17, 2015

Workers from a factory in Taiwan which leeched toxic chemicals they say resulted in 200 deaths from cancer and more than 1,000 other cases of the disease won a Tw$564.45 million ($18 million) payout from US electronics company ...

Court monitor: Apple antitrust cooperation has 'declined'

Apr 17, 2015

Apple Inc.'s cooperation with efforts to improve its compliance with antitrust laws after a federal judge concluded it colluded with electronic book publishers to raise prices five years ago took on an "adversarial tone" ...

SEC questions LA Unified on use of bonds for iPad project

Apr 17, 2015

The Securities and Exchange Commission recently questioned Los Angeles Unified School District officials as part of informal inquiry into whether they properly used bond funds for a beleaguered $1.3 billion project to provide ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.