Hitachi Pleads Guilty to LCD Price Fixing
On March 10, 2009 Hitachi Displays plead guilty to LCD price fixing joining LG Display, Chunghwa Picture Tubes (CPT) and Sharp. Hitachi will pay US$31 million in fines for its role in fixing LCD prices sold to Dell for LCD monitor and notebook PC applications according to the US Department of Justice. The DOJ charged Hitachi with participating in meetings in Japan, Korea and the U.S. to discuss prices for the LCDs over a period stretching from April 1, 2001, through March 31, 2004. Hitachi’s plea agreement with the DOJ, which must be approved by the US District Court for the Northern District of California, also involves cooperating with the DOJ with its ongoing investigation.
Source: Computerworld, GEARlog, betanews, The Wall Street Journal