UHD Alliance, Inc. submitted notifications to the Attorney General and Federal Trade Commission on December 10, 2020, about changes in its membership under the National Cooperative Research and Production Act of 1993. The changes include adding Fengmi (Beijing) Technology Co., Ltd. from China as a new member, while Charter Communications, Technicolor SA, and Westinghouse Electronics have left the group. The purpose of these notifications is to ensure that the group’s antitrust protections continue, limiting the recovery of damages by antitrust plaintiffs. The group remains open to new members and will continue to update the authorities on any further changes in membership.
Simple Explanation
UHD Alliance is a group that helps companies work together on new TV technology, and they told the government that one new company joined them, while three others left, to keep everything fair and following the rules.