Intel Fined Record $1.45 Billion in Antitrust Case

Courtesy Digg - Business & Finance  Wed, 05/13/2009 - 07:23

The European Commission on Wednesday fined Intel a record €1.06 billion ($1.44 billion) for abusing its dominance in the market for computer chips to exclude Advanced Micro Devices, which is Intel’s only serious rival.The E.U. competition commissioner, Neelie Kroes, said the penalty against Intel.

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Intel Fined Record $1.45 Billion in Antitrust Case
The European Commission said Intel had abused its position of dominance in the microchip markets to exclude its rival Advanced Micro Devices.

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