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On Wednesday The European Commission agreed with Intel's opponents as it fined the chipmaking giant a record $1.45 billion for skewing the market. The Commission - the European Union's antitrust authority - said Intel tried to squeeze out competition by paying PC makers and retailers not to use rival chips...
It's a humiliating blow for Intel, which has played a key role in developing chip technology for over four decades, and can now claim a staggering 80.5% market share in microprocessors. But it represents vindication for Intel's semiconductor rival Advanced Micro Devices (AMD), which filed the original complaint...
The Commission ruling hinged on two key issues. Firstly, that Intel abused its dominant market position with hidden financial incentives that restricted or blocked the use of AMD chips - which are cheaper, but have similar specifications - in computers sold in the E.U. Intel also paid major retailers on condition they...
The second concerned payments to prevent firms from designing hardware around AMD chips: Intel paid PC makers to delay or scrap the launch of new computers containing their rival's products. "Intel limited consumer choice and stifled innovation by preventing innovative products for which there was a consumer demand from...
Although the financial impact of the fines will mean little to a company that last year earned $37.6 billion, the damage to its reputation may last longer. The Commission's arguments are expected to provide ammunition in a separate Federal Trade Commission investigation into similar anti-competition claims in the...