Current:Home > MarketsEU hits Intel with $400 million antitrust fine in long-running computer chip case -TradeWise
EU hits Intel with $400 million antitrust fine in long-running computer chip case
View
Date:2025-04-12 00:28:56
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! (68764)
Related
- What do we know about the mysterious drones reported flying over New Jersey?
- Illinois helps schools weather critical teaching shortage, but steps remain, study says
- Hunter Biden’s tax case heads to a California courtroom as his defense seeks to have it tossed out
- Iowa attorney general not finished with audit that’s holding up contraception money for rape victims
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Shakira to play New York pop-up show in Times Square. Here's what you need to know.
- In first, an Argentine court convicts ex-officers of crimes against trans women during dictatorship
- Missouri attorney general is accused of racial bias for pinning a student fight on diversity program
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Children’s author Kouri Richins hit with new charges alleging earlier attempt to kill her husband
Ranking
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Jimmer Fredette among familiar names selected for USA men’s Olympic 3x3 basketball team
- Sister Wives' Hunter Brown Shares How He Plans to Honor Late Brother Garrison
- Are banks, post offices, UPS and FedEx open on Good Friday 2024? Here's what to know
- 2 killed, 3 injured in shooting at makeshift club in Houston
- When does 'American Horror Story: Delicate' Part 2 come out? How to watch new episodes
- Pregnant Chick-fil-A manager killed in crash with prison transport van before baby shower
- Lands, a Democrat who ran on reproductive rights, flips seat in Alabama House
Recommendation
This was the average Social Security benefit in 2004, and here's what it is now
I've been fighting cancer for years. I know what's in store for Princess Kate.
Who should be the NBA MVP? Making the case for the top 6 candidates
In first, an Argentine court convicts ex-officers of crimes against trans women during dictatorship
Don't let hackers fool you with a 'scam
When does 'American Horror Story: Delicate' Part 2 come out? How to watch new episodes
Singer Duffy Breaks 3-Year Social Media Silence After Detailing Rape and Kidnapping
NBC hired former RNC chair Ronna McDaniel. The internal uproar reeks of blatant anti-GOP bias.