Intel fined $1.45 billion dollars in AMD antitrust case
May 13, 2009
The verdict is in and it’s huge. As expected, the EU is fining Intel a record €1.06 billion or $1.45 billion (Billion!) dollars due to violations of antitrust rules in Europe. The record fine surpasses that of the €497 million fine originally levied against Microsoft. The EU ruled that Intel illegally used hidden rebates to squeeze rivals out of the marketplace for CPUs. Of course, Intel will appeal and this will drag on for years as did the Microsoft case. Regardless, we’ll bet that AMD, who raised the complaint against Microsoft back in 2000, will be celebrating come dawn in Sunnyvale.
This post has been written by Thomas Ricker on May 13th 2009 at 5:32AM couresy of engadget.com.