by Jin Kim




Hitachi Pleads Guilty to LCD Price Fixing


hitachi_logo

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








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