Taiwan LCD maker to pay $30 million fine in US case

Jun 29, 2010

A Taiwanese maker of liquid crystal display panels has agreed to pay a 30-million-dollar fine for its role in a price-fixing conspiracy, the US Justice Department said Tuesday.

Taipei-based HannStar Display Corp. pleaded guilty to participating in a conspiracy between September 2001 and January 2006 to fix the prices of LCD panels, the department said in a statement.

The Justice Department also said HannStar has agreed to cooperate with the ongoing investigation into price-fixing of LCDs, which are used in computer monitors, televisions, mobile phones and other electronic devices.

The plea agreement is subject to the approval of a US District Court in San Francisco.

"The antitrust division has thus far charged seven companies and 17 executives as a result of its investigation into the LCD industry," assistant US attorney general Christine Varney said.

"We are committed to vigorously prosecuting corporations and individuals who engage in this type of price fixing scheme," she said.

The companies charged in the case have agreed to pay fines totaling more than 890 million dollars.

Explore further: Sony surprises with first quarter profit

add to favorites email to friend print save as pdf

Related Stories

Samsung admits chip price-fixing

Oct 14, 2005

Samsung has agreed to pay a huge fine after admitting in federal court that it was part of a conspiracy to fix the price of semiconductor chips.

EU antitrust regulators charge LCD panel makers

Jul 13, 2009

(AP) -- European Union antitrust regulators have charged Royal Philips Electronics NV and LG Display with fixing the price of liquid crystal display monitors, Philips said Monday.

EU fines Samsung, nine other chip makers over cartel

May 19, 2010

The EU Commission fined the world's biggest memory chip makers, including Samsung, Infineon and Toshiba, a total of 331 million euros (403 million dollars) on Wednesday for operating a cartel.

Samsung fined $300M for conspiracy

Oct 14, 2005

Samsung Electronics was found guilty by the U.S. Department of Justice Thursday for conspiring to set prices on computer chips and fined $300 million.

Recommended for you

Android grabs 85% of smartphone market: survey

6 hours ago

Smartphones powered by the Android operating system captured 85 percent of the worldwide market in the second quarter, threatening to marginalize rival platforms, a new survey shows.

Chinese man brings gay conversion therapy lawsuit

11 hours ago

(AP)—A gay Chinese man said Thursday he was suing a psychological clinic for carrying out electric shocks intended to turn him straight, as well as the search engine giant Baidu for advertising the center.

Alcatel loss narrows in 2Q but revenue stagnates

12 hours ago

(AP)—Telecommunications equipment company Alcatel-Lucent SA says its net loss narrowed in the second quarter thanks to lower accounting charges, while revenue stagnated and restructuring charges mounted.

User comments : 0