The past 20 years, Taiwan's technological competitiveness is becoming increasingly improving. Taiwan's Information and Communication ICT industry plays a significant role in the international market.
District Court Judge Susan Illston in San Francisco for participation in a criminal price fixing conspiracy in the market for thin-film transistor liquid crystal display LCD panels. See Press Release, U. By coming forward first and early, Samsung was granted conditional leniency by DOJ and minimized its exposure in the case.
LCD panels are used in computer monitors and notebooks, televisions and other electronic devices.
These finished products are then sold in the United States and around the world. The LCD price fixing conspiracy affected some of the largest computer manufacturers in the world, including Hewlett Packard, Dell and Apple.
Law, New York (April 3, , PM EDT) -- The Antitrust Division of the United States Department of Justice recently obtained a verdict in a case that was closely watched by the antitrust. In , Peng helped establish AUO's Suzhou module plant, the Company's first overseas manufacturing facility as General Manager of the Suzhou site. Having returned to Taiwan in , Peng assumed AUO's sales and marketing function, where he was appointed General Manager of IT Display Business Group. Anti-trust case of AUO (Taiwan's LCD company) Abstract Before China, Taiwan used to be a world-factory. Taiwan’s technical companies always focus on improving their progress on product. The past 20 years, Taiwan's technological competitiveness is becoming increasingly improving.
As key purchasers of LCD panels, these companies were forced to pay the higher fixed prices for LCD panels which in turn increased the retail prices of computers, notebooks, TVs and other consumer products sold in the United States. In its Sentencing Memorandum filed with the court on September 19,the DOJ argued that the maximum fines and prison terms were required and appropriate given the circumstances of the case.
The defendants were central figures in a massive, five-year global price fixing conspiracy that caused enormous and widespread harm affecting virtually every purchaser of products containing LCD panels. Chen and Hui Hsiang were top executives at AUO and … [its American subsidiary]… and created a culture of criminal collusion at their companies….
And the defendants, unlike their coconspirators, are remorseless, having refused to accept responsibility or to provide any assistance that would justify a reduction in their sentences. AUO chose to fight the DOJ charges against it rather than settle early as did most of the coconspirators.
After an eight-week trial, AUO, its American subsidiary and the two former executives were found guilty by a jury on March 13, The indictment charged that AUO participated in the worldwide conspiracy form September 14, to December 1, and its subsidiary joined the conspiracy as early as spring The jury found that the convicted companies and the two former executives fixed the prices of LCD panels sold in the United States.
The jury also found that the prices were fixed during monthly meetings with their competitors secretly held in hotel conference room, karaoke bars and tea rooms around Taiwan. Including the two AUO executives, a total of 12 executives have been sentenced to serve a combined total of 4, days behind bars in a federal prison.
Lessons Learned Challenging the DOJ as the lone targeted defendant in a massive criminal price fixing conspiracy where other coconspirators have pled or settled, then showing no remorse and little cooperation with DOJ prosecutors may be a risky strategy to pursue.
Samsung may be the better example here to follow, if it is possible. With this win under its belt, including the huge fines and the jail times sought and imposed, expect the DOJ going forward to seek bigger and bigger criminal fines and longer and longer sentences as a deterrent to future global price fixing conspiracies.The consolidated case is U.S.
v. AU Optronics Corp.
et al., case numbers , , and , in the U.S. Court of Appeals for the Ninth Circuit.
AU Optronics Sheds Kodak's Claims In LCD Antitrust MDL decision to also drop its claims against the Taiwan-based LCD manufacturer. AUO has been accused of colluding with Anti-Trust. Judge. UNITED STATES COURT OF APPEALS FOR THE NINTH CIRCUIT UNITED STATES OF AMERICA, Plaintiff-Appellee, v.
HUI HSIUNG, The panel affirmed a $ fine imposed on AU Optronics pursuant to the Alternative Fine Statute, 18 U.S.C. § (d).
six leading TFT-LCD manufacturers met in Taiwan to “set 8 UNITED STATES V. The Antitrust Division of the Department of Justice (“DOJ”) scored an important victory on September 20, when AU Optronics Corp. (AUO) of Taiwan was fined $,, by U.S. District Court Judge Susan Illston in San Francisco for participation in a criminal price fixing conspiracy in the market for thin-film transistor liquid crystal display .
WASHINGTON — AU Optronics Corporation, a Taiwan-based liquid crystal display (LCD) producer, was sentenced today in U.S. District Court in San Francisco to pay a $ million criminal fine for its participation in a five-year conspiracy to fix the prices of thin-film transistor LCD panels sold worldwide, the Department of Justice announced.
Anti-trust case of AUO (Taiwan's LCD company) Abstract Before China, Taiwan used to be a world-factory. Taiwan’s technical companies always focus on improving their progress on product.