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Sharp and Hitachi in LCD price-fixing probe

March 3rd, 2008 · No Comments

Hitachi and Sharp, the two suppliers of LCD screens for Nintendo’s hand-held DS games console, are being investigated over price fixing. Japans’ Fair Trade Commission has visited both companies, looking for evidence that the pair conspired a common price for the supply of LCD panels to Nintendo. Such accusations carry with them severe financial penalties. If found guilty of breaking Japan’s anti-monopoly laws, corporations can be fined 10 per cent of their sales revenue.

Tags: Corporate · LCD TV · Trade · Video games

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