The EU had imposed a fine for Intel’s bullying of would-be AMD manufacturing and retail partners.
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(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.
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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
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