Friday, October 28, 2016
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Alphabet Reports Strong Sales As Mobile Search and Video Ads Drive Revenue Growth
New Radeon Pro 400 Series Graphics Power 15-inch MacBook Pro
LG ULtrafine 5K/4K Displays Offer Performance and Integration With MacBook And New MacBook Pro
Sony Brings PlayStation Vue To Android TVs
Apple unveils new MacBook Pro Featuring Touch Bar, Ultra-thin Design
Apple unveils new TV app for Apple TV, iPhone and iPad
Uber Lays Out Plans Future of On-Demand Urban Air Transportation
Facebook Offers Halloween-themed Face Filters for Live videos
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.

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 ULtrafine 5K/4K Displays Offer Performance and Integration With MacBook And New MacBook Pro
Weak Smartphone Sales Keep LG Electronics's Third-quarter Profit Down
Samsung Third Quarter Profit Drops Amid Note 7 Phone Fiasco
Samsung Pay Expand In New Russia, Thailand and Malaysia
Samsung Introduces New ARTIK Smart IoT Platform Modules
Samsung Set To Announce 2nd Generation ARTIK Processor For IoT Devices
Samsung Galaxy Tab A 10.1" With S Pen Released
Samsung Galaxy Note 7 Customers To Get New Galaxy Note 8 Or Galaxy S8 Smartphones Half Price
LG's Next Flagship G6 Smartphone Won't be Modular
Samsung to Exchange Galaxy Note 7 with New Galaxy S8
Samsung Could Use LG Chem batteries For Future Smartphones
Samsung Rolls Out First 10nm 8GB LPDDR4 DRAM Package

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 .