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Posts with tag price-fixing

NVIDIA details settlement for price fixing fiasco

Way back in December of 2006, NVIDIA and AMD were both pegged for potential price fixing, and nearly two years later it seems it'll finally be paying the piper. A settlement agreement is detailed in a recently filed 8-K form, which asserts that NVIDIA would pay $850,000 into a total fund of up to $1.7 million, with AMD / ATI probably left to make up the rest. Of note, the 8-K filing does mention that all of this is still "subject to court approval," but it's likely that the green light will eventually be given. Outside of that, we're also informed that NVIDIA will be handing over $112,500 to the individual plaintiffs who brought the case to court. Well, we're glad that's settled.

[Via CustomPC]

LCD price-fixing probe targets LG.Philips, Sharp, Samsung


A number of TFT LCD manufacturers are under investigation by government regulators in Asia and the US for possible price-fixing. LG.Philips was subpoenaed by American, Japanese and Korean authorities on Monday, while Samsung was hit with legal papers on Tuesday. Further, Sharp was "contacted" by the Japan Fair Trade Commission and the US Department of Justice, though it's unclear if that meant it got a subpoena too. But the fun doesn't stop there, reports IDG News Service, with the European Commission now getting in on the act, too -- the EC said that it was trying to "ascertain whether there is evidence of a cartel agreement and related practices concerning price fixing." Of course, this comes hot on the heels of that video card investigation we heard about recently, as well as the RAM price-fixing fiasco that Mitsubishi (and previously Samsung) were involved in. We'll keep you posted if other display makers get swept up into this.

[Via Slashdot]



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