Current:Home > InvestEU hits Intel with $400 million antitrust fine in long-running computer chip case -Wealth Evolution Experts
EU hits Intel with $400 million antitrust fine in long-running computer chip case
View
Date:2025-04-23 12:02:47
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! (7454)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Bad News, Bears? States Take Legal Actions to End Grizzlies’ Endangered Species Protections
- Texas high school football players beat opponent with belts after 77-0 victory
- How sugar became sexual and 'sinful' − and why you shouldn't skip dessert
- PHOTO COLLECTION: AP Top Photos of the Day Wednesday August 7, 2024
- Pennsylvania school boards up window openings that allowed views into its gender-neutral bathrooms
- Christina Hall Lists Her Tennessee Home for Sale Amid Divorce From Josh Hall
- Ben Affleck Steps Out With New Look Amid Divorce From Jennifer Lopez
- New Orleans mayor’s former bodyguard making first court appearance after July indictment
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Spring Forward
Ranking
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Halloweentown’s Kimberly J. Brown Reveals Where Marnie Is Today
- Mets shock everybody by naming long-injured ace Kodai Senga as Game 1 starter vs. Phillies
- 'That '90s Show' canceled by Netflix, show's star Kurtwood Smith announces on Instagram
- PHOTO COLLECTION: AP Top Photos of the Day Wednesday August 7, 2024
- North Carolina lawmakers to vote on initial Helene relief
- Officer who killed Daunte Wright is taking her story on the road with help from a former prosecutor
- Battered community mourns plastics factory workers swept away by Helene in Tennessee
Recommendation
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
IRS doubles number of states eligible for its free Direct File for tax season 2025
Bighorn sheep habitat to remain untouched as Vail agrees to new spot for workforce housing
NFLPA calls to move media interviews outside the locker room, calls practice 'outdated'
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
City of Boise's video of 'scariest costume ever,' a fatberg, delights the internet
What's in the new 'top-secret' Krabby Patty sauce? Wendy's keeping recipe 'closely guarded'
NFL says it's not involved in deciding when Tua Tagovailoa returns from concussion