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Intel Fined $1.45 Billion By EU For Anti-Competitive Practices

JGaskill
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Posted May 13, 2009 - By Jake Gaskill

Intel Fined $1.45 Billion By EU For Anti-Competitive PracticesIn the world of microprocessors, Intel reigns supreme. However, in the world of European-based monopoly busters, the European Commission for anti-competitive practices calls the shots, and it doesn't mess around either.

As the BBC reported, the Commission has fined Intel $1.45 billion as punishment for the period between 2002 and 2007 when Intel supposedly paid off manufacturers in order to gain a significant edge against chip competitor, Advanced Micro Devices (AMD). You might remember that Microsoft had to cough up nearly $700 million in 2004 for violating similar monopolistic practices.

Intel president and CEO Paul Otellini released a statement following the Commission's decision, in which he said:

"We do not believe our practices violated European law. The natural result of a competitive market with only two major suppliers is that when one company wins sales, the other does not. The Directorate General for Competition of the Commission ignored or refused to obtain significant evidence that contradicts the assertions in this decision. We believe this evidence shows that when companies perform well the market rewards them, when they don't perform the market acts accordingly."

He makes several good points, which is why it's not surprising that Intel plans to appeal the ruling. And just to put things in perspective, Intel made around 80 percent of all microprocessors in PCs last year, while AMD made just 12 percent. Wow.

Assuming Intel didn't bribe manufacturers, should it still be fined for/accused of being a monopoly?

Source

Tags: PC Gaming, Tech
Intel Fined $1.45 Billion By EU For Anti-Competitive Practices
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