European Government May Impose Massive Fine On Intel
The European government may impose a massive fine on chipmaker Intel Corporation. The size of the penalty will be discussed amongst 27 government agencies in Europe. The European governments began their investigation when Advanced Micro Devices filed a complaint against Intel.
The European commission charged Intel with abusing its dominant position by giving large rebates to computer makers to stay with them, even beyond the actual cost of chips.
One of the most largest fines paid due to a ruling by the European commission is Microsoft. Microsoft was forced to pay $663 million for abusing dominance in a market as well. According to the New York Times, the fine imposed on Intel may even reach $1.3 billion.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry