Intel Hit by $400 Million Fine as Clash With EU Rumbles On
- Fine follows ruling by court upholding part of EU’s case
- EU initially fined Intel a then-record penalty in 2009
A display of Intel Corp. components at the Gamescon video games trade fair in Cologne.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
Intel Corp. was slapped with a fresh €376.36 million ($400 million) fine by European Union antitrust regulators after an EU court had wiped out a one-time record €1.06 billion penalty against the chipmaker.
The European Commission on Friday said it reimposed the smaller fine for “a previously established abuse of dominant position in the market for computer chips called x86 central processing units” after it found that Intel had “engaged in a series of anticompetitive practices aimed at excluding competitors from the relevant market in breach of EU antitrust rules.”