AUO accused of being part of price cartel
AUO faces $1b fine in LCD price fixing scandal

15 Mar 2012 | Rasmus Larsen |

Samsung, Sharp, and LG have already paid hefty fines in a LCD price fixing scandal between 1996 and 2006. Taiwanese AU Optronics – the fourth largest LCD manufacturer - has now also been found guilty and faces up to $1 billion in fines.

LCD price fixing scandal

A total of eight LCD manufacturers have been accused of involvement in a price fixing cartel from 1996 to 2006. AU Optronics was the only company to plead not guilty but the court has a different opinion.

AUO LCD factory in China
AUO has been accused of being part of a LCD price cartel together with Samsung, LG, Sharp and 4 other LCD makers

AUO’s total fine could hit as much as $1 billion dollars as the court believes AUO has made $500 million from the cartel. LG has paid more than $400 million in fines over two separate occasions. Sharp, Samsung, CPT, CMI and two other LCD manufacturers have also been fined.

The prosecutors accused the many company executives of meeting more than 60 times at hotels, bars and more to discuss the price details. We need to underline that the actual LCD-TV divisions have not been accused; only the executives in charge of the LCD panel production business.

AUO says that they plan to appeal the case.

- Source: Reuters

Share on:

Latest news

Samsung TV

Samsung: Important to scan your Samsung TV for malware & viruses

17 Jun 2019 | Rasmus Larsen |

UEFA debuts free streaming service

14 Jun 2019 | Rasmus Larsen |

Sony A9G OLED wins 'King of TV' at 2019 TV Shootout

13 Jun 2019 | Rasmus Larsen |
The Wall Luxury

Samsung will launch 'The Wall Luxury' microLED displays in July

13 Jun 2019 | Rasmus Larsen |

Next-gen Xbox console will have a disc drive

12 Jun 2019 | Rasmus Larsen |
Sony A8G

Sony 2019 A9G and A8G OLED TVs now available

11 Jun 2019 | Rasmus Larsen |
Iron Man

All Marvel Cinematic Universe films will be remastered in 4K

10 Jun 2019 | Rasmus Larsen |
Project Scarlett

Next-gen Xbox: 8K graphics, 120fps, SSD & ray-tracing - launching in 2020

10 Jun 2019 | Rasmus Larsen |