TFT-LCD maker Chi Mei Optoelectronics has plead guilty to LCD price fixing and has been ordered to pay a $220 million fine by the U.S. Department of Justice. Chi Mei conspired with five other unnamed companies to fix the prices of TFT-LCD panels during a five-year long period from Sept. 14, 2001, to Dec. 1, 2006. According to the DOJ, the total value of the TFT-LCD market was $70 billion after the price fixing period ended. The market sure grew a lot during the five years this went on unnoticed.
Source: [eWeek]
