Samsung SDI to pay fine for price fixing in CRT case

Samsung SDI will pay $32 million for its role in a conspiracy to fix prices and suppress competition in the CRT market

Samsung SDI has agreed to plead guilty and pay a US$32 million fine for its involvement in a price-fixing controversy related to color tubes used in computer monitors, the U.S. Department of Justice said on Friday.

Samsung SDI allegedly played a role in a conspiracy to suppress and eliminate competition through price fixing, reduction of output and allocation of market share for CDTs (cathode display tubes), a type of cathode ray tube (CRT), to be sold in the U.S. and other countries, according to a felony charge filed in the U.S. District Court in San Francisco on Friday.

Samsung SDI, which manufactures display-related products, participated in the conspiracy from 1997 to 2006, the DOJ said in a statement. The company allegedly met other unnamed conspirators in Taiwan, South Korea, Malaysia, China and other places to discuss prices, output and market share of CDTs, the DOJ said. Samsung SDI and the co-conspirators also agreed to reduce CDT outputs by shutting production lines for certain periods of time and to exchange information to set prices.

As part of the plea agreement, Samsung SDI agreed to cooperate with the DOJ's ongoing CRT investigation.

Samsung was charged with violating the Sherman Antitrust Act. Six individuals were also indicted in connection with the CDT investigation.

The U.S. government has been investigating companies and individuals related to the price fixing and suppression of competition in the CRT market. In 2009, the DOJ said the worldwide market for CRTs, including CPTs and CDTs, was estimated at $26 billion at the start of the conspiracies in 1997.

A Samsung representative declined to comment.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags CriminalSamsung SDIlegalSamsung ElectronicsComponentsdisplays

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Agam Shah

IDG News Service
Show Comments

Father’s Day Gift Guide

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Armand Abogado

HP OfficeJet 250 Mobile Printer

Wireless printing from my iPhone was also a handy feature, the whole experience was quick and seamless with no setup requirements - accessed through the default iOS printing menu options.

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?