The EU Commission has imposed a fine of around 376.36 million euros against the chip giant Intel in a long-standing competition dispute. This decision with the newly determined amount was necessary because the EU court annulled a fine of 1.06 billion euros at the beginning of last year, according to a statement from the EU Commission on Friday.
The EU Commission is taking action against this decision. The company was accused of attempting to illegally force competitors out of the market for certain processors.
Specifically, the million-dollar fine that has now been announced concerns the part of the allegations that the EU court did not collect at the time. However, because the court could not determine the part of the fine that related to the confirmed violations, the billion-dollar fine was completely annulled. The EU Commission then had to set a new level of punishment, which has now happened.
The dispute has been dragging on for a long time. Back in May 2009, the EU Commission imposed what was then a historically high fine of over one billion euros. The competition authorities had punished Intel for the alleged abuse of a dominant market position. According to the commission, among other things, from 2002 to 2007 the company used discounts to persuade computer manufacturers to buy the company's chips instead of processors from its competitor AMD.