Current:Home > FinanceEU hits Intel with $400 million antitrust fine in long-running computer chip case-DB Wealth Institute B2 Reviews & Ratings
EU hits Intel with $400 million antitrust fine in long-running computer chip case
lotradecoin fiat-to-crypto conversion rates View Date:2025-01-12 14:52:00
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! (41)
Related
- Usher Cancels Atlanta Concert Hours Before Show to Rest and Heal
- Paris Olympics live updates: Quincy Hall wins 400m thriller; USA women's hoops in action
- Nevada county won’t hand-count in 2024, but some officials support doing so in the future
- Populist conservative and ex-NBA player Royce White shakes up US Senate primary race in Minnesota
- CPI report for July is out: What does latest data mean for the US economy?
- How effective is the Hyundai, Kia anti-theft software? New study offers insights.
- Residents in Alaska capital clean up swamped homes after an ice dam burst and unleashed a flood
- 'Meet me at the gate': Watch as widow scatters husband's ashes, BASE jumps into canyon
- US Army intelligence analyst pleads guilty to selling military secrets to China
- Video shows dog chewing cellphone battery pack, igniting fire in Oklahoma home
Ranking
- Demi Lovato opens up about how 'daddy issues' led her to chase child stardom, success
- Clay Aiken's son Parker, 15, makes his TV debut, looks like his father's twin
- On Long Island, Republicans defend an unlikely stronghold as races could tip control of Congress
- USA's Quincy Hall wins gold medal in men’s 400 meters with spectacular finish
- 'Love Island UK' stars Molly-Mae Hague, Tommy Fury announce split after 5 years
- Audit: California risked millions in homelessness funds due to poor anti-fraud protections
- 51-year-old Andy Macdonald puts on Tony Hawk-approved Olympic skateboard showing
- Top US health official acknowledges more federal money for utility help is needed for extreme heat
Recommendation
-
Wildfires are growing under climate change, and their smoke threatens farmworkers, study says
-
Eva Mendes Shares Message of Gratitude to Olympics for Keeping Her and Ryan Gosling's Kids Private
-
Rafael Nadal pulls out of US Open, citing concerns about fitness
-
Team USA's Katie Moon takes silver medal in women's pole vault at Paris Olympics
-
Justice Department defends Boeing plea deal against criticism by 737 Max crash victims’ families
-
Euphoria's Hunter Schafer Says Ex Dominic Fike Cheated on Her Before Breakup
-
Alabama approved a medical marijuana program in 2021. Patients are still waiting for it.
-
'Finally:' Murdered Utah grandmother's family looks to execution for closure