Monday, January 26, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Motorola Returns To The Chinese Market with Three New Phones
LG Display Buys Rights To Use New OLED Technology
Turkish Court Orders Facebook to Remove Pages Insulting Mohammad
Malaysia Airlines And Russian Dating Sites Topface Websites Hacked
Logitech Introduces Portable Videoconferencing Solution
NVIDIA Comments On GeForce GTX 970 Memory Allocation Reports
Google Comments On Lack Of Security Patches On Older Android Phones
Sony is Offering Old Games To Settle The 2011 PlayStation Network Breach
Active Discussions
Sound card for my Laptop
full screen wide screen
Hi
About the restriction problem of chapter quantity in DVD
Booktype utilities for LiteON and OEM DVD Recorders
downgrade a nero vision 5 project to nero vision 2
what is the minimum burning speed
GSA-4163B and bitsetting
 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
LG Display Buys Rights To Use New OLED Technology
Samsung Engineers Develop Wearable Sensor for Stroke Detection
Curved LG G Flex 2 Smartphone Launching Next Week, G4 Possibly Delayed
Samsung and Apple Together Consumed 17 Percent of Total Semiconductor Demand in 2014
Samsung Drops Qualcomm 810 Processors in next Galaxy S Due To Overheating: report
Samsung Led The Smartphone Market in 2014, TrendForce Reports
Galaxy S6 Expected to Have Displays On Both Edges
LG Unveils Ultra-light 14-inch Laptop
Samsung Starts Mass Production Of 8-Gigabit Graphics DRAM
Samsung, Blackberry Deny Deal Report
Samsung Made A Bid For BlackBerry: report
Samsung Finally Releases Budget Tizen Z1 Smartphone In India

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .