Sunday, November 29, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
NSA's Phone Surveillance Program Changes
Lenovo and Razer Partner to Make Gaming PCs
LG Display Makes Huge Investment in OLED Panels
Sony To Bring Remote Play Feature To PS4
MINIX NEO U1 Media Hub for Android Coming Next Week
Samsung Joins Audi’s Progressive SemiConductor Program
German ISPs May Block Music-sharing Sites: court
Study Says HTTPS Certificate and SSH Key Reuse Endangers Millions of Devices Worldwide
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > EU Slap...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, May 13, 2009
EU Slaps Intel With $1.45 Billion Fine in Antitrust Case

The European Commission fined chipmaker Intel a record 1.06 billion euros ($1.45 billion) on Wednesday and ordered it stop giving computer firms illegal rebates against rival AMD.

The fine is the biggest ever imposed on a company by the European Union's executive arm for abuse of market dominance, surpassing the 497 million euro penalty levied on Microsoft in March 2004.

The decision fines a Intel 1.06 billion euros ($1.45 billion), which is the 4.15 percent of Intel's 2008 sales. Intel was ordered to immediate halt to illegal practices, which hurt "millions of European consumers" by paying computer makers to halt or delay products with rival chips. The executive arm of the European Union found the world's largest computer chip maker illegally kept smaller rival AMD out of competition by paying computer manufacturers and retailers not to use its products. The commission said Intel provided rebates to computer makers on condition they bought most of their computer chips from Intel. Intel also made direct payments to major retail chain MediaMarkt so it would only sell computers with Intel's chips, the commission said.

Intel also paid computer manufacturers to halt or delay the launch of the residual number of computers that contained AMD's chips to further reduce customer choice, the commission said.

Responding to the EU's decision, Paul Otellini, Intel president and CEO, issued the following statement:

"Intel takes strong exception to this decision. We believe the decision is wrong and ignores the reality of a highly competitive microprocessor marketplace ? characterized by constant innovation, improved product performance and lower prices. There has been absolutely zero harm to consumers. Intel will appeal" .

"We do not believe our practices violated European law. The natural result of a competitive market with only two major suppliers is that when one company wins sales, the other does not. The Directorate General for Competition of the Commission ignored or refused to obtain significant evidence that contradicts the assertions in this decision. We believe this evidence shows that when companies perform well the market rewards them, when they don?t perform the market acts accordingly."

"Intel never sells products below cost. We have however, consistently invested in innovation, in manufacturing and in developing leadership technology. The result is that we can discount our products to compete in a highly competitive marketplace, passing along to consumers everywhere the efficiencies of being the world?s leading volume manufacturer of microprocessors."

"Despite our strongly held views, as we go through the appeals process we plan to work with the Commission to ensure we?re in compliance with their decision. Finally, there should be no doubt whatsoever that Intel will continue to invest in the products and technologies that provide Europe and the rest of the world the industry?s best performing processors at lower prices."

?Today?s ruling is an important step toward establishing a truly competitive market,? said Dirk Meyer, AMD president and CEO. ?AMD has consistently been a technology innovation leader and we are looking forward to the move from a world in which Intel ruled, to one which is ruled by customers.?

?After an exhaustive investigation, the EU came to one conclusion ? Intel broke the law and consumers were hurt,? said Tom McCoy, AMD executive vice president for legal affairs. ?With this ruling, the industry will benefit from an end to Intel?s monopoly-inflated pricing and European consumers will enjoy greater choice, value and innovation.?

AMD has also filed a U.S. lawsuit against Intel, which is set to be heard in court in 2010.

Sony Unveils The X-Series Walkman        All News        DivX Previews MKV on Windows 7
Apple Worldwide Developers Conference to Kick Off with Keynote Address on Monday     General Computing News      DivX Previews MKV on Windows 7

Get RSS feed Easy Print E-Mail this Message

Related News
Intel Optane Memory Products Coming Next Year
Intel Advances High Performance Computing System Designs
Intel Expands The Xeon processor D-1500 Product Family And Unveils New Ethernet Controllers
Google Open Sources TensorFlow Machine Learning System
Intel Unveils New IoT Platform
Facebook Reports Progress In Artificial Intelligence Research
Intel Introduces Smart Tiny House Concept For IoT Connected Devices
Intel To Invest In Non-Volatile Memory
Intel Xeon Processor E3-1200 v5 Family Powers New Entry-level Workstations
Intel-Powered Arduino 101 Board Coming Next Year
Intel Reports Flat Revenue Despite Low PC Sales
New Firmware For Intel 750 Series SSD MAkes Your PC Booy Up Faster

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .