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European Union re-imposes $400-mn fine on Intel for abuse of market power

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.
Last Updated : 22 September 2023, 10:10 IST
Last Updated : 22 September 2023, 10:10 IST

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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.

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)

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Published 22 September 2023, 10:10 IST

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