EU Slaps Intel with $400M Fine for Abusing Dominant Position
- European Commission imposed a fine of €376 million on Intel for abusing its dominant position in the computer chip market from 2002 to 2006.
- Intel gave payments to major computer makers to delay or halt launches of products containing competitors' CPUs, harming competition.
- Original €1.06 billion antitrust fine from 2009 was mostly overturned, but court confirmed Intel's actions violated EU competition laws.
- New fine reflects narrowed scope of antitrust infringement compared to original penalty.
- Ruling is latest action in EU's ongoing crackdown on anti-competitive behavior by big tech companies.