European Commission fines five LCD panel makers with €649 million

The European Commission imposed a fine of 649 million euros to a group of manufacturers of LCD panels for unlawful agreement on prices.

The European Commission has imposed a heavy fine collective six manufacturers of LCD screens (TVs, computers …). A fine of 648.925 million euros for cartel formed Taiwanese and Korean manufacturers, Samsung Electronics, LG Display, AU Optronics, Chimei InnoLux Corporation, Chunghwa Picture Tubes and Hannstar Display Corporation.

The amount payable is uneven among the different actors involved. Differential treatment based on their cooperation during the investigation of the European Commission. Samsung for its part has nothing to pay for being the first to provide information on the case in Brussels.

Chunghwa Picture Tubes will carry the heaviest tribe with 300 million euros, to LG Display with 215 million euros. The European Commission’s investigation had been opened in late 2006 about an illegal agreement covering the period October 2001 to February 2006 with an impact on European sales.

” For four years these companies have agreed on the price , whether it ranges in price or minimum prices and exchanged information on their plans for future production, the use of their capacity on setting their prices and other trading conditions “

, Says the European Commission in a statement.

United States, and for a similar period, LG, Chunghwa Picture Tubes and Japan’s Sharp pleaded guilty, acknowledging a cartel on the prices of LCD screens. They were convicted in late 2008 to nearly $ 466 million.



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