Intel has been "turned over" by the EU: fined 3 for abusing its dominant market position..€7.6 billion
Hawk_Finance
2023-09-25 18:03:11
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On September 22, local time, the European Commission announced that due to the abuse of its market dominance by the US chip giant Intel, it decided to impose a penalty of 3.7.6 billion euros (about 29.2.2 billion yuan) fine。The announcement said that the European Commission adopted a decision on the same day to impose a fine on Intel Corporation for its monopoly restrictions.。Between November 2002 and December 2006, Intel paid three computer manufacturers to stop or delay the introduction of products equipped with rival chips and to limit the channels through which these products could be sold.。In 2009, the European Commission imposed a 10.600 million euros in fines。In January 2022, the General Court of the European Union in Luxembourg partially annulled the 2009 European Commission decision and lifted the fine imposed on Intel.。But the European Commission argued that Intel's actions to illegally exclude competitors from the market constituted an abuse of market dominance.。It was on the basis of this judgment that the EU antitrust regulator reopened its investigation into the case.。
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