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: Cook calls 'religious objection' laws dangerous

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

Intel in talks with Altera on tie-up

Mar 27, 2015

US tech giant Intel is in talks with rival Altera on a tie-up to broaden the chipmaker's product line amid growth in Internet-connected devices, the Wall Street Journal reported Friday.

Apple chief Cook to give his wealth away: Fortune

Mar 27, 2015

Apple chief Tim Cook is joining Mark Zuckerberg, Bill Gates and other technology titans who have vowed to donate their wealth to charities, according to a report in Fortune magazine.

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.