EC slaps $1.45b fine on Intel, AMD laughs
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Well, this was on the cards but no one imagined the European Commission will impose such a heavy fine. Intel has been fined 1.06 billion euros or 1.45 billion US dollars because of business tactics used by them to crush the competition. The fine in fact, is the highest ever imposed by the EC and is more than double what they charged Microsoft back in 2004.
The verdict has not gone well in Santa Clara which is why Intel’s CEO has issued a statement and confirmed that they’ll appeal the decision.
“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.” [Full statement here]
On the other hand, AMD seemed happy about it and called Intel “an abusive monopolist.”
“[It] will shift the power from an abusive monopolist to computer makers, retailers and above all PC consumers,” said Giuliano Meroni, president of AMD’s European unit.
[Via Bloomberg]
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May 20th, 2009 at 12:14 pm
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Jul 23rd, 2009 at 7:04 pm
[...] filed an appeal for the same in the Court of First Instance in Luxembourg. Back in May, Intel was imposed a $1.45b fine by the EU Commission on account of using business tactics to kill the [...]