Samsung and LG Display have been fined by the Chinese government over charges that they fixed the prices of LCD panels.
China's National Development and Reform Commission fined Samsung $16.2 million and LG $18.6 million, according to the Yonhap News Agency.
Also included in the fines for price fixing were four Taiwanese firms: Chi Mei Optoelectronics, AU Optronics, Chunghwa Picture Tubes Ltd., and HannStar Display. The total fine levied against all six companies reached $56 million.
The display makers were accused of fixing prices on LCD panels that they sold to Chinese TV makers from 2001 to … Read more