Intel Fined €376 Million in EU Antitrust Case for Anti-Competitive Practices

Intel has been fined €376 million ($400 million) in an EU antitrust case for its anti-competitive practices dating back nearly two decades. The initial fine of €1.06 billion in 2009 was invalidated last year, but the court agreed that Intel illegally excluded rivals from the market, leading to the reopening of the case. The chipmaker had reportedly paid HP, Acer, and Lenovo to halt or delay products from rival company Advanced Micro Devices (AMD). Intel is currently reviewing its options regarding an appeal to the European Courts while awaiting approval for German state subsidies worth nearly €10 billion.