Former HannStar Exec Charged in LCD Price-Fixing Scandal

A former executive from HannStar Display Corporation has agreed to plead guilty and serve jail time in the United States for participating in a global conspiracy to fix the price of thin-film transistor liquid crystal display (TFT-LCD) panels.

According to a one-count felony charge filed today in U.S. District Court in San Francisco, Jui Hung "Sam" Wu conspired with others to suppress and eliminate competition by fixing the prices of TFT-LCD panels. Wu, a resident of Taiwan and the former executive director of global sales and marketing of HannStar, a Taiwan-based corporation, participated in the conspiracy from as early as Sept. 21, 2001, until on or about Jan. 31, 2006.

The TFT-LCD panels are used in computer monitors and notebooks, televisions, mobile phones and other electronic devices. By the end of the conspiracy period, the worldwide market for TFT-LCD panels was valued at $70 billion. Companies directly affected by the LCD price-fixing conspiracy are some of the largest computer and television manufacturers in the world, including Apple, Dell and Hewlett Packard.

As a result of this investigation, to date, more than $890 million in criminal fines have been obtained. Including today’s filing, 21 executives and eight companies have been charged in the ongoing investigation into price fixing in the LCD industry.

Wu is charged with violating the Sherman Act, which carries a maximum penalty of 10 years in prison and a $1 million fine for individuals. The maximum fine may be increased to twice the gain derived from the crime or twice the loss suffered by the victims if either of those amounts is greater than the statutory maximum fine.

Wu has agreed to serve seven months in jail, to pay a $20,000 criminal fine and to assist the department in its ongoing TFT-LCD investigation. Anyone with information concerning illegal conduct in the TFT-LCD industry is urged to call the Antitrust Division’s San Francisco Field Office at 415-436-6660 or visit www.justice.gov/atr/contact/newcase.htm

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