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Bruce Sewell senior vice president and general counsel of Intel Corporation gives a news conference in Brussels, Belgium, 13 May 2009 after the European Commission fined Intel Corp. a record EUR 1.06 B for monopoly abuse. Photo by BG
Computer chipmaker Intel has been fined a record EUR 1.06 B by the European Commission for anti-competitive practices.
It dwarfs the EUR 497 M fine levied on Microsoft in 2004 for abusing its dominant market position, the BBC reported.
The Commission found that between 2002 and 2007, Intel had paid manufacturers and a retailer to favour its chips over those of Advanced Micro Devices (AMD).
Intel has announced that it will appeal against the verdict.
"Intel takes exception to this decision. We believe the decision is wrong and ignores the reality of a highly competitive microprocessor market," Intel chief executive Paul Otellini said.
The investigation followed complaints by AMD in 2000, 2003 and 2006.
The Commission said that Acer, Dell, HP, Lenovo and NEC had been given hidden rebates if they only used Intel chips. It also found that Media Saturn, which owns Europe's biggest consumer electronics retailer Media Markt, had been given money so that it would only sell computers containing Intel chips.
"Intel has harmed millions of European consumers by deliberately acting to keep competitors out of the market for computer chips for many years," said Competition Commissioner Neelie Kroes.
Last year, Intel made 80.5% of the microprocessors in PCs, while AMD made 12% of them.
The Commission has also ordered Intel "to cease the illegal practices immediately to the extent that they are still ongoing".
Nvidia experienced a significant loss last week, with its market capitalization dropping by 279 billion dollars due to a 9.5% decline in its share price
Bulgaria has taken a significant step in the realm of artificial intelligence (AI) by endorsing a Memorandum of Understanding with the US-based Intel Corporation
Intel has ambitions to develop in more areas than its traditional processor production.
Google security experts said they discovered serious security malfunctions affecting computer processors manufactured by Intel and other companies, the Associated Press reported.
Intel has announced that it is working on a super-fast processor specially designed for artificial intelligence systems.
An asteroid is to be named after the son of Tsetska Tsacheva, former Bulgarian Parliament Speaker.
NEW POLL: HUNGARIANS UNITED ON NEED FOR A ‘DIFFERENT’ RELATIONSHIP WITH THE EU, BUT DIVERGENCES REMAIN ON UKRAINE
The Kremlin has announced that Russian President Vladimir Putin has ordered an “Easter ceasefire” in the war in Ukraine, declaring a temporary halt in hostilities lasting around 36 hours
A group of Members of the European Parliament has raised concerns over the potential leakage of confidential EU information to Russia, urging stronger safeguards within the European Parliament
Moldovan President Maia Sandu has formally enacted legislation withdrawing the country from the Commonwealth of Independent States (CIS), marking a decisive step in Chisinau’s gradual disengagement from Russian-led structures
The European Public Prosecutor’s Office (EPPO) has carried out a series of coordinated investigative actions across several countries, including Bulgaria and Romania, as part of a probe into suspected large-scale fraud involving EU funds
A fragile ceasefire between the United States and Iran has coincided with escalating tensions over the Strait of Hormuz, where Iran has moved to tighten control over one of the world’s most critical maritime routes
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began
