Current:Home > StocksEU hits Intel with $400 million antitrust fine in long-running computer chip case -PrimeWealth Guides
EU hits Intel with $400 million antitrust fine in long-running computer chip case
View
Date:2025-04-18 05:19:13
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! (3362)
Related
- Meet first time Grammy nominee Charley Crockett
- What is the best used SUV to buy? Consult this list of models under $10,000
- How seven wealthy summer residents halted workforce housing on Maine’s Mount Desert Island
- Artem Chigvintsev's Lawyer Says He and Nikki Garcia Are Focused on Co-Parenting Amid Divorce
- Meet first time Grammy nominee Charley Crockett
- Second person dies from shooting at Detroit Lions tailgate party
- Sean 'Diddy' Combs arrested in New York following sex trafficking investigation
- Emily Gold, teen dancer on 'America's Got Talent,' dead at 17
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Miley Cyrus sued over allegations her hit song 'Flowers' copied a Bruno Mars song
Ranking
- Current, future North Carolina governor’s challenge of power
- Bill Belichick looking back on Super Bowl victories highlight 'ManningCast' during MNF
- 23andMe agrees to $30 million settlement over data breach that affected 6.9 million users
- Judge tosses Ken Paxton’s lawsuit targeting Texas county’s voter registration effort
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Sean 'Diddy' Combs charged with sex trafficking for 'widely known' abuse, indictment says
- Ex-officer testifies he beat a ‘helpless’ Tyre Nichols then lied about it
- Sean Diddy Combs Allegedly Forced Victims Into Drug-Fueled Freak-Off Sex Performances
Recommendation
Intellectuals vs. The Internet
Hawaii’s Kilauea volcano is erupting again in a remote part of a national park
These Zodiac Signs Will Be Affected the Most During the “Trifecta” Super Eclipse on September 17
Kroger and Albertsons prepare to make a final federal court argument for their merger
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
Georgia court rejects local Republican attempt to handpick primary candidates
Legally Blonde’s Ali Larter Shares Why She and Her Family Moved Away From Hollywood
Tommy Cash, country singer and younger brother of Johnny Cash, dies at 84