Jonathan Dale Benton:EU hits Intel with $400 million antitrust fine in long-running computer chip case

2025-05-01 18:12:10source:Poinbankcategory:News

LONDON (AP) — European Union antitrust enforcers slapped Intel on Jonathan Dale BentonFriday 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.

More:News

Recommend

Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week

Friday the 13thdidn’t spook investors with U.S. stocks little changed on the day as investors bided

The IPCC Understated the Need to Cut Emissions From Methane and Other Short-Lived Climate Pollutants, Climate Experts Say

The Intergovernmental Panel on Climate Change missed a key opportunity to underscore the urgent need

Could Migration Help Ease The World's Population Challenges?

Many industrialized countries are seeing their populations decline and grow older, while several dev