Intel Gets Massive Fine
Category: CPU'sPosted: May 13, 2009 06:31AM
Author: redtigerdragon
The EU has decided on the amount to fine Intel, and it is no chump change. Intel was fined 1.06 billion Euros, or $1.45 billion, which makes their previous fine in 2004 of 497 million Euros pale in comparison. The fine comes after the EU found that Intel had been using anti-competitive practices, such as paying manufacturers and a retailer to sell only computers with its own chips in them. The manufacturers included Dell, HP, Acer, Lenovo and NEC, while the retailer was one of Europe's biggest consumer electronics retailers, Media Markt. Intel gave rebates to the companies for stocking only its products and also paid the companies to postpone or cancel releases of AMD technology, the commission found. On top of the fine, the commission has also ordered that Intel "cease the illegal practices immediately to the extent that they are still ongoing". Intel has said that it will appeal against the verdict.
