Current:Home > MarketsEU hits Intel with $400 million antitrust fine in long-running computer chip case -Streamline Finance
EU hits Intel with $400 million antitrust fine in long-running computer chip case
View
Date:2025-04-18 21:15:17
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! (31348)
Related
- Michigan lawmaker who was arrested in June loses reelection bid in Republican primary
- How Helene became the near-perfect storm to bring widespread destruction across the South
- Looking Back on Gwyneth Paltrow and Brad Falchuk's Pinterest-Perfect Hamptons Wedding
- Lauren Conrad Shares Rare Update on Husband William Tell and Their 2 Sons
- FBI: California woman brought sword, whip and other weapons into Capitol during Jan. 6 riot
- Higher taxes and lower interest rates are ahead. What advisers say to do
- Presidents Cup 2024: Results, highlights from U.S.'s 10th-straight Presidents Cup win
- National Coffee Day 2024: Free coffee at Dunkin', Krispy Kreme plus more deals, specials
- Jury selection set for Monday for ex-politician accused of killing Las Vegas investigative reporter
- Clemson University to open arena, outdoor wellness center for area residents after Hurricane Helene
Ranking
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Death of Stanford goalie Katie Meyer in 2022 leads to new law in California
- Trump lists his grievances in a Wisconsin speech intended to link Harris to illegal immigration
- Knicks trade for Karl-Anthony Towns in blockbuster deal
- USA men's volleyball mourns chance at gold after losing 5-set thriller, will go for bronze
- Inter Miami vs. Charlotte FC highlights: Messi goal in second half helps secure draw
- Hurricanes on repeat: Natural disasters 'don't feel natural anymore'
- Clemson University to open arena, outdoor wellness center for area residents after Hurricane Helene
Recommendation
How effective is the Hyundai, Kia anti-theft software? New study offers insights.
Ariana Grande Slams Rumors About Ethan Slater Relationship
Steelers' Minkah Fitzpatrick upset with controversial unnecessary roughness penalty in loss
She defended ‘El Chapo.’ Now this lawyer is using her narco-fame to launch a music career
Organizers cancel Taylor Swift concerts in Vienna over fears of an attack
Four Downs and a Bracket: This Heisman version of Jalen Milroe at Alabama could have happened last season
How often should you wash your dog? Bathe that smelly pup with these tips.
US retailers brace for potential pain from a longshoremen’s strike