Log In

Reset Password

EU fines Intel record $1.45b

SAN FRANCISCO (AP) — Intel Corp. was fined a record $1.45 billion by the European Union yesterday for using strong-arm sales tactics in the computer chip market — a penalty that could turn up the pressure on US regulators to go after the company, too.

The fine against the world's biggest chip maker represents a huge victory for Intel's Silicon Valley rival, Advanced Micro Devices Inc., or AMD, the No. 2 supplier of microprocessors to PC makers.

AMD has sued Intel and lobbied regulators around the world for the past five years, complaining that Intel was penalising PC makers in the US and abroad for doing business with AMD.

EU Competition Commissioner Neelie Kroes said Intel has harmed millions of European consumers by "deliberately acting to keep competitors out of the market".