Intel fined record $1.45 billion in AMD antitrust case
Posted: Wed May 13, 2009 5:17 am
http://www.engadget.com/2009/05/13/inte ... n-dollars/
Good. But I'm sure to Intel this is just to be figured in as a cost of doing business.The verdict is in and it's huge. As expected, the EU is fining Intel a record €1.06 billion or $1.45 billion (Billion!) dollars due to violations of antitrust rules in Europe. The record fine surpasses that of the €497 million fine originally levied against Microsoft. The EU ruled that Intel illegally used hidden rebates to squeeze rivals out of the marketplace for CPUs. In a statement issued by European Union Competition Commissioner Neelie Kroes, the EC said,
Intel has harmed millions of European consumers by deliberately acting to keep competitors out of the market for computer chips for many years.