Intel hit with EU antitrust fine

Intel was fined 376 million euros ($621 million) on Friday in an EU antitrust case stemming from actions the U.S. chipmaker took between 2002 and 2006.

Intel hit with EU antitrust fine

Intel was fined 376 million euros ($621 million) on Friday in an EU antitrust case stemming from actions the U.S. chipmaker took between 2002 and 2006.




Intel hit with EU antitrust fine










An initial record fine of 1.06 billion euros ($1.75 billion) in 2009 was thrown out last year by the Luxembourg-based General Court, Europe’s second highest.

The court, however, agreed with the European Commission that Intel illegally excluded rivals from the market which prompted the EU antitrust watchdog to re-open the case.

The 2009 ruling accused Intel of blocking rival Advanced Micro Devices.

On Friday, the EU watchdog said it had re-imposed a fine for practices between November 2002 and December 2006 when Intel paid HP, Acer and Lenovo to halt or delay rival products.

“The General Court confirmed that Intel’s naked restrictions amounted to an abuse of dominant market position under EU competition rules,” the European Commission said in a statement.

Intel did not immediately respond to requests for comment.

The Commission has appealed the General Court’s ruling last year at the EU Court of Justice, Europe’s top court.



About Author

Subscribe To InfoSec Today News

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

World Wide Crypto will use the information you provide on this form to be in touch with you and to provide updates and marketing.