Saturday, August 23, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
G.Skill Ripjaws DDR4 Will Be Available Up to DDR4-3200
Could Amazon Challenge Google's Ad Business?
German Regulator Will Pursue Complaint Against Publishers
IBM Tries To Strengthen Its Presence In China With Local Vendor Deal
Demand For iPhone 6 Screens Add Perssure To Supply Chain
Intel Highlights Its Wireless Computing Plans
Ouya Parners With Xiaomi On Games
Sony Offers New Smart Tennis Sensor
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 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 Delivers New Bluetooth Minibeam Projector, More L Series Smartphones
Samsung To Unveil New Smart TV Content at IFA 2014
LG's Flowing Sound Audio Wireless Solution Coming At IFA
Samsung Delivers Slim Level Box mini Wireless Speaker
LG G3 UX To Become Standard In Across LG's Mid- to Entry-level Devices
LG To Unveil Curved IPS Monitor At IFA 2014
LG G Watch 2 Coming At IFA
Samsung, Microsoft Want To End Android Patent Dispute Soon
Galaxy Note 4 May Come in Two Versions
Samsung Buys Home-automation Company SmartThings
Samsung Exynos 5430 Is The Company's First 20nm SoC
LG Begins Shipping LTE Version Of G PAD 8.0

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .