Display fine

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LG Display and Chunghwa Picture Tubes have been found guilty of participating in a conspiracy to fix prices in the sale of TFT-LCD panels.

As the result of an investigation by the US Department of Justice and the FBI, LG Display and Chunghwa Picture Tubes have been found guilty of participating in a conspiracy to fix prices in the sale of Thin Film Transistor-Liquid Crystal Display (TFT-LCD) panels.

TFT-LCD panels are used in computer monitors and notebooks, televisions, mobile phones and other electronic devices.

In 2006 the worldwide market for TFT-LCD panels was approximately $70bn (£51bn).

In December 2008, LG Display admitted participating in the conspiracy and was sentenced to pay a $400m criminal fine - the second largest fine in US Antitrust Division history.

This month, Chunghwa Picture Tubes pleaded guilty to participating in the same conspiracy and was sentenced to pay $65m.

As a result of the investigation, four executives, one from LG and three from Chunghwa, look set to serve imprisonment in the US as well as pay criminal fines.

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