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Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, June 05, 2008
Intel Hit With $25 Million Antitrust Fine


South Korea's antitrust regulator said Thursday it will order Intel to pay $25.4 million for violating fair trade rules.

The Korea Fair Trade Commission said in a statement Thursday that it was issuing the order because the semiconductor giant offered rebates to South Korean computer companies and undercut competitor AMD.

Intel said it would consider its options, including a possible appeal.

The Korea Fair Trade Commission charged Intel with violating South Korean antitrust laws last year after completing a two-year probe.

The commission said Intel provided rebates to Samsung Electronics and other South Korean computer makers who agreed to use Intel microprocessors over those manufactured AMD.

Intel has faced numerous legal battles over how it maintains its market position but has repeatedly denied breaking any laws.


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