China fines LG, Samsung in flat panel price case
China fined South Korean and Taiwanese makers of LCD display screens $56 million on Friday for price-fixing, joining the United States and Europe in a crackdown on the industry.
China fined South Korean and Taiwanese makers of LCD display screens $56 million on Friday for price-fixing, joining the United States and Europe in a crackdown on the industry.
Taiwan is investigating the alleged theft by two former executives of sensitive technology from leading flat-panel maker AU Optronics and its sale to a Chinese rival, officials said Monday.
Taiwan's AU Optronics said Friday it would appeal against a US court decision to fine it $500 million for taking part in what prosecutors called the "most serious price-fixing" case in US history.
Three major Asian manufacturers have agreed to pay fines of $571 million to US states as part of the ongoing case on price-fixing of LCD displays for electronic devices, officials said Thursday.
Apple is preparing to launch a smaller tablet computer in the coming months in a bid to maintain its edge in an increasingly crowded market, the Wall Street Journal reported Thursday.
Japanese electronics giant Toshiba said Tuesday a jury has ordered it to pay $87 million in a price-fixing case on LCD displays, but that it ultimately may not end up paying damages.
Taiwan's leading flat panel maker AU Optronics plans to raise at least $370 million in new funds and may introduce strategic partners from China or Japan, officials said Wednesday.
Taiwan's AU Optronics (AUO) will appeal a guilty verdict in the United States for price-fixing, its chairman was quoted as saying Thursday.
Apple is testing a tablet computer with a smaller screen than the hot-selling iPad, The Wall Street Journal reported on Tuesday.
Taiwan businesses have called for a law on industrial espionage, especially by China, as growing ties have made it easier for mainland firms to steal secrets, officials and media said Thursday.
Seoul's antitrust agency said on Sunday it had fined 10 of the world's leading flat panel makers in South Korea and Taiwan a total of 194 billion won ($175 million) for price fixing.
Taiwan's government on Friday gave the green light for a plan by the island's leading flat panel maker AU Optronics Corp. to invest three billion US dollars in China.
Taiwanese IT firm Hon Hai Precision said Friday a huge fine imposed by the European Commission on its affiliate Chimei Innolux Corporation for price-fixing was "unfair" and "too high". ...
The European Commission has imposed 649 million euros in fines on South Korean and Taiwanese electronics firms for secretly fixing prices of LCD flat screens for Europe's TVs and computers.
Taiwan's AU Optronics Corp said Wednesday its net profit in the three months to September plummeted 98 percent from the previous quarter due to falling prices.