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Tag Archive: Commissioner Kroes

The Chips Are Down: EU Slams Intel with Record $1.45 Billion Fine

The Chips Are Down: EU Slams Intel with Record $1.45 Billion Fine

As expected, the European Commission has imposed a fine on chipmaker Intel for abusing its dominant position in the CPU marketplace and engaging in illegal rebates and other practices in order to squelch rival chipmaker AMD. What’s surprising is the size of the fine: €1.06 billion, which converts to roughly $1.45 billion U.S. dollars. The fine is the largest antitrust fine ever issued by the European Commission, substantially exceeding the €487 fine issued against Microsoft in 2004.

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