The U.S. Department of Justice announced that a LCD producer and seller has agreed to plead guilty and pay $220 million in criminal fines for its role in a conspiracy to fix prices in the sale of LCD panels.

According to a one-count felony charge filed in U.S. District Court in San Francisco, Chi Mei Optoelectronics participated in a conspiracy to fix the prices of LCD panels sold worldwide from Sept. 14, 2001, to Dec. 1, 2006.