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EU hits Intel with $400 million antitrust fine in long-running computer chip case

  • The European Union has imposed a $400 million fine on Intel, overturning a previous victory for the chipmaker. The fine comes after allegations that Intel used illegal sales tactics to stifle competition from smaller rival AMD.
  • The European Commission's decision to impose the fine follows a court's rejection of a previous penalty of 1.06 billion euros issued in 2009. The original fine was based on claims that Intel engaged in anti-competitive behavior.
  • This renewed fine highlights the ongoing legal battle between Intel and the European Union over allegations of unfair business practices. The ruling is seen as a victory for competition and a warning to other tech giants engaging in similar tactics.
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Winnipeg Free Press broke the news in Winnipeg, Canada on Friday, September 22, 2023.
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