Sharp hit with DS screen price-fixing fine

December 19th, 2008, 21:04 Posted By: Shrygue

via MCV

According to Edge, The Japan Fair Trade Commission has fined Sharp $3 million for price-fixing LCD displays used in Nintendo’s DS Lite.

The Trade commission sent a cease-and-desist order to Sharp, claiming the firm had colluded with Hitachi to control the price of displays, which violates Japan’s Antimonopoly Act.

Sharp responded in a statement insisting it was not in ‘violation of Antimonopoly Act’ as "Sharp and Hitachi, only two manufacturers, could not have controlled the prices."

Sharp added: "There is no precedent in Japan that a cartel in violation of Antimonopoly Act was found for a specific product which was sold to one private company for use of a single product model."

However, the firm plans to ‘strengthen’ its compliance with law and business ethics as a result of the cease and desist orders.

The fine must be paid by March 19th.

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