LG shows that five companies will be penalized by the European Union for price manipulation of LCD panels

According to foreign media reports, according to four informed sources on Tuesday, five companies, including LG Display and AU Optronics, will be subject to anti-monopoly departments of the European Union next week due to the manipulation of display panel prices for consumer devices. The penalty.

In July last year, the European Commission accused these companies of violating the EU’s laws on prohibited commercial practices. Regulators in other parts of the world have also investigated the industry.

A person familiar with the matter said that the European Commission will announce the fine on December 8.

The European Commission did not specify the names of these companies. However, LG Display Co., the world’s second-largest liquid crystal display manufacturer, AU Optronics, the world’s third-largest liquid crystal display manufacturer, and Chi Mei’s, the second largest liquid crystal display manufacturer in Taiwan, have confirmed these allegations.

According to a document obtained by Reuters, the alleged companies are Taiwan's third-generation LCD panel maker Chunghwa Picture Tubes and HannStar.

Another person familiar with the matter said that Samsung Electronics, the world's largest LCD maker, will not be penalized because it has reported to the European Commission about this vendor alliance.