Head of Taiwan LCD maker barred from leaving US

Aug 23, 2010

(AP) -- The chief executive of a leading Taiwanese LCD screen maker has been barred from leaving the U.S. during a U.S. Justice Department probe into alleged price-fixing, the company said.

Hsinchu-based AU Optronics Corp. said in a statement filed Saturday with Taiwan's that a U.S. court has demanded its chief executive, Chen Lai-juh, stay in the United States until his trial on price-fixing allegations begins. Chen traveled to the U.S. earlier to prepare for his defense, the company said.

A federal grand jury in San Francisco indicted AU Optronics's Houston-based U.S. subsidiary and six company officials, including Chen, in June on charges of conspiring to fix prices of LCD panels worldwide from September 2001 to December 2006.

LCDs, or , are the flat display screens used in many laptop computers, cell phones and new TVs.

The U.S. Justice Department has accused a number of Asian LCD manufacturers of selling the screens at illegally fixed prices to companies including Apple Inc., Dell Inc. and IBM Corp.

According to the Justice Department, six LCD suppliers have pleaded guilty to price-fixing charges and have been ordered to pay fines totaling more than $860 million.

Among Taiwanese LCD makers, Chunghwa Picture Tubes Ltd., Chi Mei Optoelectronics Corp. and HannStar Display Corp. have all pleaded guilty and paid fines of hundreds of millions of dollars.

Explore further: IBM buys small Denver startup AlchemyAPI to expand Watson

not rated yet
add to favorites email to friend print save as pdf

Related Stories

NY official claims LCD suppliers fixed prices

Aug 06, 2010

(AP) -- New York Attorney General Andrew Cuomo has sued several major suppliers of liquid crystal display screens used in computers, televisions and cell phones, claiming consumers paid extra because of price fixing.

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.

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.

Recommended for you

Visa, MasterCard moving into mobile pay in Africa

Mar 03, 2015

Americans may just be getting used to mobile pay, but consumers in many African countries have been paying with their phones for years. Now payment processors Visa and MasterCard want to get a slice of that market, and are ...

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.