Intel fined

European Union regulators levied a record 1.06 billion euro ($1.45 billion) fine against Intel Corp., the world’s biggest computer-chip maker.
Created On: Dec 14, 2010 10:21 IST
Modified On: Apr 6, 2011 12:05 IST

Intel fined
European Union regulators levied a record 1.06 billion euro ($1.45 billion) fine against Intel Corp., the world’s biggest computer-chip maker. Following an-eight-year investigation, the European Commission found that Intel impeded competition by giving rebates to computer makers that buy all or almost all of their chips from Intel. The penalty was the biggest antitrust fine in the 27-nation EU’s history, more than double the 497 million- euro penalty against Microsoft Corp. in 2004. The EU said Intel gave rebates to computer makers from 2002 until 2005 on the condition that they buy at least 95 percent of chips for PCs from Intel. Intel was also ordered to cease the illegal practices immediately.

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