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Intel Receives Record Fine By the EU

Posted by Soulskill on from the going-for-the-high-score dept.

Firefalcon writes "Intel has been fined a record 1.06 billion euros ($1.45 billion / £948 million) by the European Competition Commission after being found guilty of anti-competitive practices. This makes Microsoft's 497 million euro fine in 2004 (which was a record at the time) seem like a slap on the hand. Reports had previously suggested that the fine would be similar to Microsoft's. Intel was charged (among other things) with encouraging manufacturers and retailers to purchase fewer (or even not stock) AMD processors. More details of the ruling are on the European Commission's Competition website. Intel said they will appeal the fine."

5 of 469 comments (clear)

  1. Daily Fact by Anonymous Coward · · Score: -1, Flamebait

    Did you know that European Union's main industry consists of hefty fines for American companies?

    I'm not a big supporter of Intel's practices, and a strong opponent of anything Microsoft does, but come the fuck on! Is that money going to be disbursed to AMD for lost business? EU anti-trust body has become a sick joke.

    1. Re:Daily Fact by LingNoi · · Score: 1, Flamebait

      Did you know the American companies seem to break the law a lot?

  2. The Charges by Idiomatick · · Score: -1, Flamebait

    "encouraging manufacturers and retailers to purchase fewer (or even not stock) AMD processors."

    How could that possibly be illegal? Sounds like a necessary part of business?... Anyways the whole case sounds like the Micheal Jackson scandal. 'Who needs proof? He's creepy and rich just give the mother who sent her children there repeatedly a few million dollars'.

    Sounds like a money grab from someone who thinks Intel just has too much money (Disclaimer I did not RTFA as per tradition)

    1. Re:The Charges by Quiet_Desperation · · Score: 0, Flamebait

      How could that possibly be illegal?

      Because the government said it was. That's sort of how it works.

      You're not daring to question the government are you? *ARE* you? After all, the EU is run by noble super beings with IQs of 5000 and a completely incorruptible nature.

      We're going to have to jot your name down in a ledger, I'm afraid. Some men may come to ask questions.

  3. Re:But where does all that money go? by FictionPimp · · Score: 0, Flamebait

    Doing business with the EU is just too risky. If I was intel I'd pay my fine and get out.