Intel fined record $1.45 billion Europe
Written on May 13, 2009 by Pinoy NetBooks
Filed Under: News
In a complaint filed by AMD to the European Commission, Intel was found in violation of anti-trust rules in Europe. The EU demands that Intel stop its unethical business practices and pay a fine of $1.145 billion.
Intel has harmed millions of European consumers by deliberately acting to keep competitors out of the market for computer chips for many years.
Intel was ordered to cease the illegal practices immediately and has three months from the notification of the decision to pay up. Of course, Intel will appeal and this will drag the litigation on for years as did Microsoft. Regardless, we’ll bet that AMD, who raised the complaint against Intel back in 2000, will be celebrating come dawn in Sunnyvale.
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