Intel Fined €376 Million by EU for Abusing Market Dominance

The European Commission has fined Intel €376 million for abusing its dominant position in the computer chips market.
The fine relates to Intel paying manufacturers to delay or cancel products with rival chips.
This is illegal under EU competition rules.
An original €1.06 billion fine was overturned, but the court upheld the illegality of Intel's practices.
Intel did not appeal the court ruling that its practices were anticompetitive.

euronews.com

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