Sunday, February 14, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Researchers Download "Game Of Thrones" In Just 1 Second!
Apple: Dr. Dre Starring In New TV Series; New iPhone, iPad Coming in March
Foxconn Seeks For Partner To Boost Bid For Sharp
Micron Outlines Tts First 3D NAND Products
AT&T To Start 5G Trials This Year
Uber Agrees to Settle Safety Lawsuits
Google To Expand Right-to-Be-Forgotten Removals Following Pressure From Europe
Apple And At&T Sued For Infringement of Touch Feedback Patents
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
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
 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 Will Not Unveil LG Pay at MWC
Samsung Showcases Latest Monitors, TVs, Smartpwatch And Tablet At 2016 European Forum
LG Introduces Touch-Enabled Quick Phone Cover For LG G5 Smartphone
Chip Makers Differientate In terms Of Equipment Investments
LG Electronics Teases With "Always On" Display Of G5
Samsung Loses Memory-Chip patent Trial Against Nvidia
768 Gbit Micron 3D NAND Is Faster Than Samsung’s 256Gb V-NAND: ISSCC
Samsung Describes Its 10nm SRAM
Samsung Galaxy S7 and S7 Edge Coming At February's Unpacked 2016 Event
LG's Home Appliances Business More Profitable Than Samsung's
LG To Release Universal Credit Card
LG K10 And K4 Smartphones to begin Rolling Out Globally

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 .