Agree to help prosecute other LCD panel vendors
Seven LCD panel makers, including Samsung, Sharp, and Chimei Innolux, have reached accords to settle claims that they conspired to limit competition and fix prices for their displays used in laptops, monitors and TVs. If approved, the proposed $539 million settlement will resolve several cases pending in the US district court in San Francisco, and affect buyers as indirect victims. Earlier this month, another settlement for $388 million was reached in the same court with "direct" purchasers of the panels, who then put these panels into their own products.
Amazon tablet to start off with huge 2m shipment
Amazon's plan to launch its tablets in September could involve a very aggressive opening month, part suppliers said Wednesday night. HannStar, J Touch, and Wintek are expected to supply touchscreen panels for the Android slates with a goal of shipping 1.5 million to two million just for that month alone. Earlier Digitimes sources had already penned in estimates of four million for 2011, hinting that Amazon is counting on a large-scale launch but slowing down quickly later on.
Suppliers say 2.4m iPad 2 delivered in March
Apple may have had very aggressive launch shipments of the iPad 2 despite the shortages, part suppliers said Wednesday. About 2.4 million to 2.6 million of the tablets are believed to have shipped just in March. The rate should accelerate faster still, Digitimes said, and would hit four million to 4.3 million per month in each spring month to lead to at least 12 million iPad 2s in the season.
EU announces fines for long-running LCD cartel
The European Commission on Wednesday announced several key decisions, one of which involves fining six LCD makers for being involved in a price-fixing cartel between October 2001 and February 2006. The fines amount to the equivalent of $856 million (649 million euros) and need to be paid by Korea's Samsung and LG as well as Taiwan's AU Optronics, Chimei InnoLux, Chunghwa Picture Tubes and HannStar. While the companies are based outside of Europe, the cartel's actions affected the price of products sold in Europe.
EU watchdog to sue LG, four more for LCD cartel
LG Display and AU Optronics are two of five companies that are facing fines from European Union regulators over allegedly colluding on fixing the prices of LCD displays in consumer devices, four sources said in a recent report. One of the unnamed sources said the European Commission will announce the fines on December 8. While the EU regulator didn't name the companies, LG Display and AU and Chi Mei Optoelectronics confirmed these charges themselves.