Tuesday, December 06, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
U.S. Supreme Court Rules in Favor of Samsung in Smartphone Patent Suit
TSMC And IBM Detail Their 7nm Progress At 2016 IEDM
Oculus Touch Now Available
European Commission Approves Acquisition of LinkedIn by Microsoft, Subject to Conditions
Google To Go Completely Green Using Renewable Energy Only
Yahoo's 2016 Top Searched Celebrities, News Stories, Fashion Trends, and More
Western Digital Introduces Enterprise-Class HDDs and SSDs, 14TB SMR HDDs On The Way
HARMAN Invests in Navdy and Partners to Offer Aftermarket Augmented Reality Driving Device
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Samsung...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, January 04, 2013
Samsung, LG Fined in China


Samsung Display Co. and LG Display Co. were fined a total of US$35 million by the Chinese government over price-rigging of panels, authorities said Friday.

China's National Development and Reform Commission said it has fined Samsung 101 million yuan (US$16.2 million) and LG 118 million yuan, for fixing prices of liquid crystal display panels that were supplied to the Chinese TV makers between 2001 and 2006.

The South Korean firms along with four Taiwanese firms -- Chi Mei Optoelectronics Corp., AU Optronics Corp., Chunghwa Picture Tubes Ltd. and HannStar Display Corp. -- were penalized a total of 353 million yuan, according to the Chinese authorities.

"From 2001 to 2006, six companies involved held a total of 53 rounds of 'Crystal Conferences,' claiming that they exchange information on the global LCD panel market," said an official of the commission.

"Those involved turned out to have negotiated prices or manipulated prices, hampering the legitimate rights and interests of other parties and consumers," the official said.


Previous
Next
KINGMAX Launches ECC SO-DIMM For Micro Servers        All News        CyberLink Showcase its Creativity Software at CES 2013
Blekko Launches Search Engine For Tablets     General Computing News      Corning to Showcase Gorilla Glass 3 and Optical Cables at CES 2013

Get RSS feed Easy Print E-Mail this Message

Related News
U.S. Supreme Court Rules in Favor of Samsung in Smartphone Patent Suit
KAIST Sues Samsung, Qualcomm And Globalfoundries Over FinFET Patent Infringement
Samsung Offers Second Gear S2 Update
LG To Introduce 5G Broadband FDR Communication Technology
LG Puts Hopes In New CEO
Samsung Gear S3 Features Lonely Planet's Travel App, Guides and New Watchfaces
Samsung Galaxy S8 To Feature Automatic Focus Function to Its Front Camera
LG Enters Medical Display Market, Challenges Siemens, Sony
Samsung Investors And Executives Meet to Discuss Company Overhaul
Samsung Dominates The Global Mobile DRAM Market
Samsung To Design Its Own RiSC-V Micro-controller For IoT Devices
Samsung Display To Convert LCD TV Lines Into OLED Phone Lines

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .