The EU had imposed a fine for Intel’s bullying of would-be AMD manufacturing and retail partners.
When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works .
(Image credit: Getty / Justin Sullivan) Intel has lost its challenge to overturn an EU antitrust ruling on Wednesday, meaning it faces a 237 million Euros ($278 million) fine, reports Reuters . This is probably, finally, the conclusion of a very long-running antitrust investigation and legal dispute that kicked off in the early noughties. However, the scale of the fine is only about a quarter of what it was back in 2009.
Intel was investigated by the EU for abusing its market-dominant position and anti-competitive practices between 2000 and 2008. In May 2009, the European Commission took a dim view of the evidence it had uncovered. The Santa Clara PC chipmaker was accused of stifling competition from AMD by conditional rebates and payments to PC makers and retailers – effectively trapping partners in its Intel Inside x86 web.
In May 2009, the European Commission, which “acts as the EU competition enforcer” in Reuters reporting parlance, decided to levy a record fine of 1.06 billion Euros ($1.24 billion) on Intel. As per our canned explanation above, this was punishment for its dastardly deeds disadvantaging AMD during the early noughties.
The state of Intel: What the company's $5 billion deal with Nvidia could mean for the floundering chipmaker
Qualcomm scores big win over Arm in contentious lawsuit
Key considerations
- Investor positioning can change fast
- Volatility remains possible near catalysts
- Macro rates and liquidity can dominate flows
Reference reading
- https://www.tomshardware.com/pc-components/cpus/SPONSORED_LINK_URL
- https://www.tomshardware.com/pc-components/cpus/intel-fails-to-get-eu-antitrust-ruling-overturned-in-longstanding-16-year-amd-competition-case-chipmaker-sees-usd1-2-billion-fine-reduced-to-usd278-million#main
- https://www.tomshardware.com
- TMSC ponders upgrading 2nd Japan fab to 4nm — could pave the way for more advanced chips for Japanese customers
- Prusa brings Noctua's iconic beige and brown to 3D printer nozzleheads everywhere — accurately matching 3D printed parts to Noctua gear is now trivial
- Asus' new 5K gaming monitor is so high-end it doesn't even officially support RTX 40-series GPUs — the XG27JCG is a 5K 180Hz beast with 330Hz 1440p dual-mode su
- Snapmaker Raises Millions as Chinese Big Tech Investors Pile Into 3D Printing
- China holds 'emergency meetings' to discuss Nvidia H200 purchases following export rule change, report claims — ByteDance, Tencent, and Alibaba asked to assess
Informational only. No financial advice. Do your own research.