Samsung, LG Display Fined by China for Fixing LCD Panel Prices
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Samsung Electronics Co. and LG Display Co., the world’s biggest makers of flat panels, were among six companies fined by China’s government for participating in a price-fixing scheme.
AU Optronics Corp., Innolux Corp., Chunghwa Picture Tubes Ltd. and HannStar Display Corp. also were cited by the National Development and Reform Commission, which ordered the companies to pay a combined 353 million yuan ($56.7 million). LG Display will pay 118 million yuan and Samsung 101 million yuan.