Current:Home > MyEU hits Intel with $400 million antitrust fine in long-running computer chip case -Wealth Momentum Network
EU hits Intel with $400 million antitrust fine in long-running computer chip case
View
Date:2025-04-17 04:35:29
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! (1)
Related
- Stamford Road collision sends motorcyclist flying; driver arrested
- Alexey Navalny's message to the world if they decide to kill me, and what his wife wants people to do now
- Harry Styles Debuts Winning Haircut During Rare Public Appearance at Soccer Game
- 'Oppenheimer' wins best picture at 2024 BAFTA Awards, the British equivalent of Oscars
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Sloane Stephens on her 'Bold' future: I want to do more than just say 'I play tennis.'
- NBA All-Star Game again sees tons of points, lack of defense despite call for better competition
- Celebrate Presidents Day by learning fun, interesting facts about US presidents
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Beyoncé explains why she 'cut all my hair off' in 2013: 'I became super brave'
Ranking
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- 200-ft radio tower stolen in Alabama: Station's GM speaks out as police investigate
- Alexey Navalny's message to the world if they decide to kill me, and what his wife wants people to do now
- Kelly Ripa's Nutritionist Breaks Down What She Eats in a Typical Day
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Student-run dance marathon raises $16.9 million in pediatric cancer funds
- A suspended Pennsylvania judge charged with shooting her ex-boyfriend as he slept
- NBC anchor Kate Snow announces departure from Sunday edition of 'NBC Nightly News'
Recommendation
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
2 officers, 1 first responder shot and killed at the scene of a domestic call in Minnesota
NBA All-Star weekend: Mac McClung defends dunk title, Steph vs. Sabrina captivates
Zoo pulls 70 coins from alligator's stomach, urges visitors not to throw money into exhibits
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
Premier Lacrosse League Championship Series offers glimpse at Olympic lacrosse format
Lenny Kravitz Details His Inspirational Journey While Accepting Music Icon Award at 2024 PCAs
We went to more than 20 New York Fashion Week shows, events: Recapping NYFW 2024