(Alexander Heinz)

China Smacks Samsung & LG With $35 Million Fine For Fixing Prices Of LCD Panels

Price-fixin — it isn’t just for book publishers anymore (not that it ever really was unique to that industry, but you get the point): China fined Samsung and LG Displays a total of $35 million charging that the companies fixed the prices of LCD panels that were then sold to TV manufacturers. And if the TV makers are shelling out more for parts, guess who that raised price gets passed on to? Yup, all of us. [More]