Current:Home > FinanceEU hits Intel with $400 million antitrust fine in long-running computer chip case-InfoLens
EU hits Intel with $400 million antitrust fine in long-running computer chip case
View Date:2025-01-09 17:24:29
LONDON (AP) — European Union antitrust enforcers slapped Intel on Friday with a fresh $400 million fine in a long-running legal fight that the chipmaker appeared to have won last year.
The European Commission imposed the 376.4 million-euro fine after a court threw out an original 1.06 billion-euro penalty issued in 2009 over allegations that the Santa Clara, California-based company used illegal sales tactics to shut out smaller rival AMD.
The commission, the 27-nation bloc’s top antitrust watchdog, accused Intel of abusing its dominant position in the global market for x86 microprocessors with a strategy to exclude rivals by using rebates and sales restrictions.
The EU’s General Court last year annulled the original decision, saying that the commission’s analysis of the rebates didn’t meet legal standards.
However, the court confirmed that the sales restrictions amounted to an abuse of Intel’s dominant market position. It couldn’t decide how the total fine could be divided up between the two offenses, leaving the commission to come up with a new number.
“The lower fine imposed by today’s decision reflects the narrower scope of the infringement compared to the 2009 Commission decision,” the EU watchdog said.
Intel’s European press team didn’t respond immediately to an email seeking comment.
veryGood! (325)
Related
- The Surreal Life’s Kim Zolciak Fuels Dating Rumors With Costar Chet Hanks After Kroy Biermann Split
- Cook Inlet: Oil Platforms Powered by Leaking Alaska Pipeline Forced to Shut Down
- Lawmakers again target military contractors' price gouging
- Activist Judy Heumann led a reimagining of what it means to be disabled
- Kyle Richards Swears This Holiday Candle Is the Best Scent Ever and She Uses It All Year
- Tennessee becomes the first state to pass a ban on public drag shows
- U.S. Military Knew Flood Risks at Offutt Air Force Base, But Didn’t Act in Time
- Amid Doubts, Turkey Powers Ahead with Hydrogen Technologies
- See Chris Evans' Wife Alba Baptista Show Her Sweet Support at Red One Premiere
- Experts weigh medical advances in gene-editing with ethical dilemmas
Ranking
- Amazon launches an online discount storefront to better compete with Shein and Temu
- Iconic Forests Reaching Climate Tipping Points in American West, Study Finds
- New details emerge about American couple found dead in Mexico resort hotel as family shares woman's final text
- Infant found dead inside garbage truck in Ohio
- Tesla Cybertruck modifications upgrade EV to a sci-fi police vehicle
- Tenn. Lt. Gov. McNally apologizes after repeatedly commenting on racy Instagram posts
- Cook Inlet: Oil Platforms Powered by Leaking Alaska Pipeline Forced to Shut Down
- What does the science say about the origin of the SARS-CoV-2 pandemic?
Recommendation
-
College Football Playoff snubs: Georgia among teams with beef after second rankings
-
This week on Sunday Morning (June 18)
-
FDA authorizes the first at-home test for COVID-19 and the flu
-
North Carolina’s Goal of Slashing Greenhouse Gases Faces Political Reality Test
-
New wildfires burn in US Northeast while bigger blazes rage out West
-
'Do I really need to floss?' and other common questions about dental care
-
Walgreens won't sell abortion pills in red states that threatened legal action
-
Can Solyndra’s Breakthrough Solar Technology Outlive the Company’s Demise?