ADVERTISEMENT
European Union re-imposes $400-mn fine on Intel for abuse of market powerThe new decision follows a partial annulment by the EU's General Court in 2022 of a €1.06 billion fine the commission imposed on Intel in 2009.
Reuters
Last Updated IST
<div class="paragraphs"><p>The Intel logo on a building. </p></div>

The Intel logo on a building.

Credit: Reuters Photo

The European Commission on Friday said it had re-imposed a fine of €376.36 million ($400.26 million) on Intel for a previously established abuse of its dominant position in the market for computer chips.

ADVERTISEMENT

The new decision follows a partial annulment by the EU's General Court in 2022 of a €1.06 billion fine the commission imposed on Intel in 2009 for trying to block rival Advanced Micro Devices by giving rebates to computer makers for buying most of their chips from Intel.

($1 = 0.9403 euros)

Deccan Herald is on WhatsApp Channels | Join now for Breaking News & Editor's Picks

ADVERTISEMENT
(Published 22 September 2023, 15:40 IST)