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Chi Mei Optoelectronics guilty of LCD price fixing

Posted on Friday, December 11 2009 @ 22:40:40 CET by

LCD panel maker Chi Mei Optoelectronics plead guilty to price fixing, more info at DailyTech. The company follows five other companies that have pled guilty or agreed to plead guilty for their roles in this scheme.
The price fixing scandal isn't over yet it seems; eWeek reports that another LCD maker has pled guilty to price fixing in the TFT-LCD market with HP, Apple, and Dell all having purchased the LCDs from the company. The LCD maker in question this time around was Chi Mei Optoelectronics from Taiwan. The company has been fined $220 million for its part in the scheme by the DOJ.

EWeek quotes a DOJ statement saying, "According to a one-count felony charge ... Chi Mei Optoelectronics participated in a conspiracy to fix the prices of TFT [thin-film transistor]-LCD panels sold worldwide from Sept. 14, 2001, to Dec. 1, 2006. ... Companies directly affected by the LCD price-fixing conspiracy are some of the largest computer and television manufacturers in the world, including Apple, Dell and HP [Hewlett-Packard]."



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