LCD Price-Fixing Probe Widens

A probe into price fixing of LCD displays is expanding, according to press reports on Tuesday. The Fair Trading Commission of Japan is investigating South Korea's LG.Philips, and inquiries have also been launched against Samsung and Sharp, as well as a joint venture between Seiko Espon and Sanyo that produces the display. LG.Philips confirmed to the press that the US Justice Department and Korean Fair Trade Commission were also investigating the company.

According to industry insiders and news reports, the agencies are investigating claims of price fixing that may have occurred during 2003 and 2004. Some believe the companies colluded to keep LCD display prices artificially high during that period. Both LG.Philips and Samsung have said they plan to cooperate fully with all inquiries.