Display fine

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.


Sharp Corporation also pleaded guilty to three separate conspiracies to fix the prices of TFT-LCD panels sold to Dell, Apple Computer and Motorola last December and was sentenced to pay $120m.