LCD Makers Agree to Pay $585M in US Price Fixing Probe

Three major LCD (liquid crystal display) panel makers have agreed to pay US$585 million in fines for price-fixing, the U.S. Department of Justice (DOJ) said Wednesday.

The companies, Sharp of Japan, LG Display of South Korea and Chunghwa Picture Tubes of Taiwan, attended meetings and held other communications to set prices for LCD panels, the DOJ said. They agreed to plead guilty to charges and pay the fines to end the probe into their activities.

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