Electronics Production | May 13, 2009
Intel fined 1 billion Euros
The European Union has fined US based Chip giant Intel Corp. of 1.06 billion Euros.
Intel has used illegal sales tactics to shut out competitor Advanced Micro Devices Inc. (AMD) on the x86 CPU chip. The fine exceeded a 899 million Euros monopoly abuse penalty for Microsoft Corp. last year. The European Commission says Intel broke EU competition law by exploiting its dominant position with a deliberate strategy to keep AMD out of the market.