Qualcomm fined $975 million in China

Updated: 2015-02-10 08:14

By Lan Lan and Gao Yuan(chinadaily.com.cn)

  Print Mail Large Medium  Small 分享按钮 0

No 8 LCD screen price monopoly

In January 2013, six liquid crystal display (LCD) screen producers, including two from South Korea (Samsung and LG) and four from Taiwan (CMO, AU Optronics (AUO), Chunghwa Picture Tubes and HannStar), were punished by the NDRC for vertical price monopoly. A vertically integrated monopoly occurs when a company controls both the production and distribution chains in an industry.

The total punishment for these companies reached 353 million yuan ($57.3 million).

Qualcomm fined $975 million in China

Visitors watch programs on Samsung 3D LCD televisions during an expo in Shenzhen, South China's Guangdong province, May 7, 2011. [Photo/IC]