A former executive with AU Optronics was sentenced Monday to serve two years in prison and pay a US$50,000 fine for participating in a worldwide LCD screen price-fixing conspiracy, the U.S. Department of Justice said.
China has punished six companies, including Samsung and LG, for manipulating LCD panel prices in the country, and ordered them to pay a total of US$56 million in fines.
A former executive at Taiwanese LCD marker AU Optronics has been convicted of participating in a worldwide conspiracy to fix the prices of LCD panels, the U.S. Department of Justice said.
Lower-than-normal rainfall around a major technology manufacturing area in Taiwan, the Hsinchu Science Park, has prompted the government to cut water pressure at night and study more stringent measures going forward.
Taiwan's economic ministry expects semiconductor and display panel industries on the island to take a hit from the earthquake in Japan last week as supplies are suspended due to factory damage or transportation snarls, translating in some cases to higher manufacturing costs.