TECH - Intel Hit Again: EU Re-imposes €376M Fine Over Market Dominance Allegations | Benzinga
Intel Corp (NASDAQ: INTC) is again facing financial repercussions in Europe. The European Commission has decided to re-impose a fine on the tech giant, amounting to approximately €376.36 million. This decision comes after Intel allegedly abused its dominant position in the x86 central processing unit (CPU) market with practices that affected competitors like Advanced Micro Devices, Inc (NASDAQ: AMD).
The initial fine, a staggering €1.06 billion, was levied against Intel in 2009. However, this decision faced challenges in the courts. The General Court, Europe's second-highest court, partially annulled ...