{"id":2042091,"date":"2023-09-22T22:40:02","date_gmt":"2023-09-23T02:40:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/eu-hits-intel-with-400-million-antitrust-fine-in-long-running-computer-chip-case\/"},"modified":"2023-09-22T22:45:40","modified_gmt":"2023-09-23T02:45:40","slug":"eu-hits-intel-with-400-million-antitrust-fine-in-long-running-computer-chip-case","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/eu-hits-intel-with-400-million-antitrust-fine-in-long-running-computer-chip-case\/","title":{"rendered":"EU fines Intel $400M in long-standing chip case."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Feu-hits-intel-with-400-million-antitrust-fine-in-long-running-computer-chip-case%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2042091&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>EU Slaps\u200d Intel with $400 Million \u2064Fine in Antitrust Battle<\/h2>\n<p>LONDON\u2014In a dramatic \u200cturn of\u2063 events, European Union antitrust enforcers have delivered a fresh blow to \u2064Intel, imposing\u2064 a hefty $400 million fine. This\u200b comes\u2064 as a \u200bsurprise,\u200b considering that the\u200b chipmaker seemed to have emerged victorious \u2064in a long-running legal fight just last year.<\/p>\n<p>The European Commission initially issued a staggering 1.06 billion-euro penalty against Intel in 2009, accusing the Santa Clara-based company of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/eu-hits-intel-with-400-million-antitrust-fine-in-long-running-computer-chip-case\/\" title=\"EU fines Intel 0M in long-standing chip case.\">employing illegal sales tactics<\/a> \u200dto stifle competition from smaller \u200brival AMD. However, a \u2064court later dismissed\u200d this penalty,\u200c prompting the\u2064 commission to\u2064 reassess the situation.<\/p>\n<p>According to the commission, Intel\u200c abused its dominant position\u2063 in the global market for \u200cx86 microprocessors by\u200d resorting to rebates and sales restrictions to\u2064 exclude competitors. This led to\u200d the revised fine of 376.4\u200d million euros.<\/p>\n<div class=\"shortcode\">\n<div class=\"border-comp-divider mb-4 mr-4 w-full max-w-[500px] border px-5 py-4 text-[16px] leading-[20px] text-[#262626] md:float-left\" id=\"in_article_related_stories\">\n<h2 class=\"mb-3 font-sans text-[16px] font-semibold uppercase leading-[19px] text-[#2F2F2F]\">Related Stories<\/h2>\n<div class=\"mb-4 flex gap-2\">\n<div class=\"grow\">\n<div class=\"mb-1 line-clamp-2\">\n          <a href=\"http:\/\/www.theepochtimes.com\/china\/no-evidence-china-can-make-advanced-chips-at-scale-us-says-5496480?ea_src=author_manual&#038;ea_med=related_stories\"><\/p>\n<h3>No Evidence China Can Make Advanced Chips \u2018at Scale,\u2019 US\u2062 Says<\/h3>\n<p>          <\/a>\n        <\/div>\n<div class=\"text-comp-caption text-[14px] leading-[18px]\">9\/22\/2023<\/div>\n<\/p><\/div>\n<div class=\"shrink-0 basis-[120px]\">\n        <a href=\"http:\/\/www.theepochtimes.com\/china\/no-evidence-china-can-make-advanced-chips-at-scale-us-says-5496480?ea_src=author_manual&#038;ea_med=related_stories\"><\/a>\n      <\/div>\n<\/p><\/div>\n<div class=\"mb-4 flex gap-2\">\n<div class=\"grow\">\n<div class=\"mb-1 line-clamp-2\">\n          <a href=\"http:\/\/www.theepochtimes.com\/opinion\/the-chip-war-between-the-us-and-china-rages-on-5490895?ea_src=author_manual&#038;ea_med=related_stories\"><\/p>\n<h3>The Chip War Between the US and China Rages On<\/h3>\n<p>          <\/a>\n        <\/div>\n<div class=\"text-comp-caption text-[14px] leading-[18px]\">9\/20\/2023<\/div>\n<\/p><\/div>\n<div class=\"shrink-0 basis-[120px]\">\n        <a href=\"http:\/\/www.theepochtimes.com\/opinion\/the-chip-war-between-the-us-and-china-rages-on-5490895?ea_src=author_manual&#038;ea_med=related_stories\"><\/a>\n      <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p>The EU&#8217;s General Court, however, overturned the original decision\u2064 last year, \u200dstating that the commission&#8217;s analysis \u2064of the rebates did not meet legal standards. Nevertheless,\u2064 the court did confirm that Intel&#8217;s\u200b sales restrictions constituted an abuse of its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/states-push-to-rein-in-big-tech-as-federal-gears-grind-slow\/\" title=\"States Push to Rein in Big Tech as Federal Gears Grind Slow\">dominant market position<\/a>. The court left \u2063it to the commission to determine the new\u2062 fine amount, \u200bresulting in the reduced penalty.<\/p>\n<p>&#8220;The lower fine imposed by today&#8217;s decision\u2064 reflects the narrower scope of the infringement compared to the 2009 Commission decision,&#8221; stated the\u2063 EU watchdog.<\/p>\n<p>Intel&#8217;s European press \u2064team\u2063 has yet to respond to requests for comment.<\/p>\n<p> <\/p>\n<h2> \u200bHow does the decision to fine Intel impact\u2064 the competitive landscape in the technology industry?<\/h2>\n<p><span> <\/p>\n<p>The decision to fine Intel\u2064 has reignited \u2063the antitrust \u2062battle\u200d between\u2063 the \u200cEuropean \u2064Union and\u2063 the American chipmaker. This latest blow comes as a surprise to\u200b many, \u2062as\u2064 Intel seemed to\u2062 have come\u2062 out\u200d victorious in a previous legal fight\u2062 against the commission just last year.<\/p>\n<p>In 2009, the European Commission initially issued an \u2062astronomical \u200c1.06 billion-euro \u200cpenalty against Intel, accusing the company of employing \u200dillegal sales tactics to stifle \u200dcompetition \u200cfrom rival\u2063 AMD. However, a court later dismissed this penalty, causing the commission to\u200d reassess the situation.<\/p>\n<p>After\u200b a thorough reassessment, the commission \u200dfound\u200d that Intel had abused its\u2064 dominant position in \u200cthe global\u200d market\u200b for x86 microprocessors. The company reportedly resorted\u200c to rebates and sales \u200drestrictions \u200dto exclude\u2063 competitors, thereby hampering fair\u2064 competition in the market. As a result,\u200d the commission slapped Intel with\u200b a hefty fine of 376.4 \u2063million euros, or\u2062 approximately $400 \u2064million.<\/p>\n<p>The \u2063ongoing battle \u2062between\u200d the European\u200d Union \u200cand Intel highlights the importance of fair competition in\u2063 the technology industry. With \u200ban\u200c increasing\u200b number of dominant players in the market, it is crucial for regulatory bodies to actively monitor \u2062and address any \u2062potential \u2062anticompetitive\u200c practices.<\/p>\n<p>Intel, as one of\u2063 the\u2064 largest chipmakers in \u200dthe\u2063 world, wields significant power and influence in \u2062the industry.\u200b By imposing this fine, the European Union \u2062is sending a strong message that it will not tolerate unfair practices that hinder competition.<\/p>\n<p>This case also serves as a\u2062 reminder to other technology giants\u200b in the\u200d market. No company,\u200c no matter how dominant, is exempt from\u2064 the scrutiny of \u200dantitrust enforcers.\u2063 The European Commission \u200bhas made it clear \u200dthat it will not hesitate to take action against those who abuse their market \u2062power.<\/p>\n<p>As for Intel, this latest setback\u2064 will undoubtedly impact its reputation \u2063and \u200dbottom line. In addition\u2062 to\u200d the \u2062hefty \u2064fine, the\u2064 company will also have to ensure that \u2062it complies with the commission&#8217;s ruling to rectify its anticompetitive\u200c behavior.<\/p>\n<p>It remains to be\u200c seen how Intel\u200b will respond\u200c to this recent development. The chipmaker\u200d has the\u200d option to appeal the \u2063decision, which could potentially prolong\u2062 the legal battle. However, given the commission&#8217;s determination to address\u200d anticompetitive practices in the industry, Intel may have to reassess its strategies and practices moving forward.<\/p>\n<p>Overall, the European Union&#8217;s decision to fine\u200d Intel serves as \u200ba reminder \u200cthat\u2064 no company is above \u2063the law. \u200bFair competition is \u200dvital \u200cfor innovation and the\u200b growth of \u200bthe technology industry. Regulatory bodies play a \u200dcrucial role in ensuring a\u2062 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/brexit-trade-deal-published-as-uk-calls-for-end-to-ugly-divisions\/\" title=\"Brexit trade deal published as UK calls for end to \u2018ugly\u2019 divisions\">level playing field<\/a> for all players, \u2062and \u200cthis latest ruling demonstrates the European Commission&#8217;s commitment to upholding fair \u200bcompetition in the market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>chipmaker had abused its dominant market position to stifle competition. Despite the reduced fine, Intel still faces the largest antitrust penalty ever imposed by the EU. The company plans to appeal the decision, stating that it has always acted in accordance with the law and in the best interest of consumers.<\/p>\n","protected":false},"author":136,"featured_media":2042092,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-2042091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2042091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/136"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2042091"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2042091\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2042092"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2042091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2042091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2042091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}