Word: intel
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Dates: during 2000-2009
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...Intel likes to say its domination of the global computer chip market is down to its technological prowess. But rivals say it's ruthless, illegal sales techniques that have made the difference...
...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. The Commission's 542-page ruling also contained a cease-and-desist order, requiring the Santa Clara-based company to change its business practices in Europe. (See pictures of the financial crisis in London...
...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 in 2000. And it also underlines the power and authority of the Commission, which has now established itself as the world's most feared antitrust regulator...
...Competition Commissioner Neelie Kroes said Intel's predatory pricing practices were specifically designed to muscle out AMD, whose current market share is a relatively meager 12%. "Intel has harmed millions of European consumers by deliberately acting to keep competitors out of the market for computer chips for many years," she said. "Such a serious and sustained violation of the E.U.'s antitrust rules cannot be tolerated." (See pictures of Obama's trip to Europe...
...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 stock only computers with Intel central processing units (CPUs...