Intel Faces Re-Imposed $401 Million EU Fine Over Anti-Competitive Actions in Chip Market
22 September 2023 - 9:01PM
Dow Jones News
By David Sachs
Intel is subject to a 376.4 million-euro ($401.3 million) fine
from the European Union for antitrust violations dating back to the
early 2000s.
Between 2002 and 2006, the U.S. semiconductor company paid HP,
Acer and Lenovo to halt or delay the launch of products containing
chips made by its competitors, EU executive body the European
Commission said.
The fine was originally part of a EUR1.06 billion punishment
that included broader charges, but the EU General Court annulled
the decision in 2022 because it only partially agreed with it. The
new, smaller fine is a result of the narrower scope of the
previously established anticompetitive practices, the EU said.
Intel wasn't immediately available for comment.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
September 22, 2023 06:46 ET (10:46 GMT)
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