EU accuses Philips and LG of manipulating LCD panel prices

Morning News reporter Kai Intern Zhou Weixian reported that the EU Executive Committee has confirmed that several LCD panel manufacturers have issued price control charges.　　The EU did not disclose the list of alleged companies in the memo, but said they were producers of PCs, laptops, mobile phones, digital cameras, handheld computers and MP3 monitors.　　In Monday, Philips Electronics, the Netherlands, acknowledged that the European Union's antitrust authorities had accused it of manipulating the price of LCD monitors; The accusation against the European Union Philips believes that the receipt of EU charges does not mean that the company is directly involved in the EU charges should be run by the South Korean LG Display Company is responsible for, although Philips is a former shareholder of LG Monitor, but early this year in March the company sold the remaining shares of LG display.　　Philips also expressed strong opposition to the EU allegations. It is understood that the EU often imposes heavy penalties in antitrust cases, with the maximum penalty of 10% annual turnover for companies violating antitrust regulations. In the United States, the same allegations of LG monitors, Sharp, Zhonghua and Hitachi monitors have pleaded guilty and paid a fine of about 600 million dollars.