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LG, Sharp, Chunghwa to Plead Guilty to Price-Fixing

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LG Display Co. Ltd., Sharp Corp. and Chunghwa Picture Tubes Ltd., three leading Asian electronics manufacturers, have agreed to plead guilty to price-fixing and pay a total of 585 million dollars in fines, the US Department of Justice announced Wednesday.

South Korea’s LG Display will pay the largest fine, 400 million dollars, the second-highest criminal fine ever imposed by the Justice Department’s Antitrust Division, the department said in a statement.

From Yahoo Finance:

It said Japan’s Sharp would pay a fine of 120 million dollars while Chunghwa would pay a fine of 65 million dollars.

The Justice Department said the three companies had agreed to plead guilty for their roles in conspiracies to fix prices of liquid crystal display (LCD) panels used in computer monitors and notebooks, televisions, mobile phones and other electronic devices.

The price-fixing conspiracies had a direct impact on computer, television and cellular telephone manufacturers such as Apple, Dell and Motorola, the department noted.

Cooktop + Microwave

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Sharp makes the Insight Pro Cooktop+Microwave Drawer Combination Unit, combining all the advantages of the Microwave Drawer Oven with a sleek electric cooktop in only 30 inches of space. This space-saving 2-in-1 cooking center eliminates steps between appliances and creates a highly efficient traffic pattern. It is an ideal companion to wall ovens.The glass ceramic electric cooktop features four heating elements plus a warming zone. Knobs control the cooktop while a backlit active touchscreen guides you through the microwave cooking process.

It offers innovation and cooking convenience at your fingertips with such features as microwave sensor technology to eliminate guesswork when cooking or reheating and a microwave keep warm setting that holds food up to 30 minutes – it’s a warming drawer inside the microwave!

Sharp’s stainless steel Insight Pro Cooktop+Microwave Drawer Combination Unit is ideal for open-plan kitchens and islands and is a great addition to a wet bar, family room, or home theater. It is built-in ready for easy installation with no additional trim kit or ventilation required.