BRUSSELS (Reuters) – The European Commission on Friday re-imposed a fine of 376.36 million euros ($400.26 million) on Intel. This penalty was imposed due to the previously established abuse of Intel’s dominant position in the market for computer chips.
This decision comes after the EU’s General Court partially annulled a 1.06 billion euro fine the Commission had imposed on Intel in 2009. The fine was originally imposed for Intel’s attempt to stifle rival Advanced Micro Devices in the market for x86 central processing units (CPU’s).
The court, at that time, dismissed the Commission’s finding that the rebates given by Intel to computer makers had distorted competition.
In its latest decision, the Commission revealed that the fine was now based on payments made by Intel between 2002 and 2006. These payments were made to computer makers Hewlett Packard, Acer, and Lenovo to halt or delay the launch of specific products containing competitors’ x86 CPUs.
The court last year had confirmed that these payments amounted to an abuse of market power. However, it had scrapped the total fine as it was unclear to what extent the penalty related to these practices.
($1 = 0.9403 euros)
(This story has been refiled to remove an incorrect picture)
(Reporting by Bart Meijer. Editing by Jane Merriman)
Credit: The Star : Tech Feed
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