Reuters reported that people familiar with the matter disclosed that the top five LCD panel makers, including LG and AUO, will be fined by the European Union in the weeks ahead because the above companies conspired to manipulate LCD panel prices. The European Commission believes that the five major LCD panel factories violated the EU regulations on restrictive commercial activities in July last year. According to sources, the EU will announce the results of the penalty on December 8.
Although the European Commission has not yet announced a list of specific starting companies, LG, AUO, and Chi Mei have all confirmed that they will be fined, and the European Union’s documents obtained by Reuters show that Taiwan’s Chunghwa Picture Tubes and HannStar’s Caijing are also being penalized. .
Samsung, the world’s largest LCD panel maker, was punished for reporting a cartel (corporate coalition) to the European Commission.