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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." |