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EU slaps a record fine on Intel EU slaps a record fine on Intel
(10 minutes later)
Computer chipmaker Intel has been fined a record 1.06bn euros ($1.45bn; £948m) by the European Commission for anti-competitive practices.Computer chipmaker Intel has been fined a record 1.06bn euros ($1.45bn; £948m) by the European Commission for anti-competitive practices.
It dwarfs the 497m euro fine levied on Microsoft in 2004 for abusing its dominant market position.It dwarfs the 497m euro fine levied on Microsoft in 2004 for abusing its dominant market position.
The investigation goes back to 2000, when its rival Advanced Micro Devices (AMD) lodged a complaint.The investigation goes back to 2000, when its rival Advanced Micro Devices (AMD) lodged a complaint.
AMD alleged that Intel had paid computer manufacturers not to use AMD chips in Europe.AMD alleged that Intel had paid computer manufacturers not to use AMD chips in Europe.
The Commission ruled that Intel had given hidden rebates to computer manufacturers if they only used Intel chips.
It also found that a retailer had been given money so that it would only sell computers with Intel chips.
"Intel has harmed millions of European consumers by deliberately acting to keep competitors out of the market for computer chips for many years," said Competition Commissioner Neelie Kroes.
"Such a serious and sustained violation of the EU's antitrust rules cannot be tolerated."