A former electronics executive from Taiwan was charged on Tuesday with taking part in a global price-fixing conspiracy involving cathode ray tubes (CRTs), the US Justice Department said.
A federal grand jury in San Francisco indicted former Chunghwa Picture Tubes Ltd (中華映管) chairman and chief executive Lin Cheng-yuan (林鎮源) for allegedly fixing prices of CRTs used in computer monitors and televisions, the department said.
Lin, also known as CY Lin, was the first person charged in connection with an antitrust division investigation into the CRT industry.
He is already under indictment in connection with a price-fixing case involving Liquid Crystal Display (LCD) panels.
Lin, another former executive at Chunghwa and an executive of South Korea’s LG Display Co Ltd were indicted a week ago for allegedly taking part in a global conspiracy to fix prices of LCD panels.
In the latest indictment, the Justice Department accused Lin of “conspiring with others to suppress and eliminate competition by fixing prices, reducing output and allocating market shares” of color display tubes (CDTs) and color picture tubes (CPTs) between 1997 and 2003.
CDTs and CPTs are both types of CRTs. CDTs are used in computer monitors while CPTs are used in color TVs.
“This conspiracy harmed countless Americans who purchased computers and televisions using cathode ray tubes sold at fixed prices,” said Scott Hammond, acting assistant attorney general in the antitrust division.
BYPASSING CHINA TARIFFS: In the first five months of this year, Foxconn sent US$4.4bn of iPhones to the US from India, compared with US$3.7bn in the whole of last year Nearly all the iPhones exported by Foxconn Technology Group (富士康科技集團) from India went to the US between March and last month, customs data showed, far above last year’s average of 50 percent and a clear sign of Apple Inc’s efforts to bypass high US tariffs imposed on China. The numbers, being reported by Reuters for the first time, show that Apple has realigned its India exports to almost exclusively serve the US market, when previously the devices were more widely distributed to nations including the Netherlands and the Czech Republic. During March to last month, Foxconn, known as Hon Hai Precision Industry
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and the University of Tokyo (UTokyo) yesterday announced the launch of the TSMC-UTokyo Lab to promote advanced semiconductor research, education and talent development. The lab is TSMC’s first laboratory collaboration with a university outside Taiwan, the company said in a statement. The lab would leverage “the extensive knowledge, experience, and creativity” of both institutions, the company said. It is located in the Asano Section of UTokyo’s Hongo, Tokyo, campus and would be managed by UTokyo faculty, guided by directors from UTokyo and TSMC, the company said. TSMC began working with UTokyo in 2019, resulting in 21 research projects,
Ashton Hall’s morning routine involves dunking his head in iced Saratoga Spring Water. For the company that sells the bottled water — Hall’s brand of choice for drinking, brushing his teeth and submerging himself — that is fantastic news. “We’re so thankful to this incredible fitness influencer called Ashton Hall,” Saratoga owner Primo Brands Corp’s CEO Robbert Rietbroek said on an earnings call after Hall’s morning routine video went viral. “He really helped put our brand on the map.” Primo Brands, which was not affiliated with Hall when he made his video, is among the increasing number of companies benefiting from influencer
Taiwan’s property market is entering a freeze, with mortgage activity across the nation’s six largest cities plummeting in the first quarter, H&B Realty Co (住商不動產) said yesterday, citing mounting pressure on housing demand amid tighter lending rules and regulatory curbs. Mortgage applications in Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiung totaled 28,078 from January to March, a sharp 36.3 percent decline from 44,082 in the same period last year, the nation’s largest real-estate brokerage by franchise said, citing data from the Joint Credit Information Center (JCIC, 聯徵中心). “The simultaneous decline across all six cities reflects just how drastically the market
RSS