Intel fined $25m
More monopoly action
Intel has been fined $25m (26bn Won) by the South Korean Fair Trade commission for breaching fair trade rules.
The chipmaker was found guilty of offering unfair subsidies to Samsung and Trigem Computer Inc if they promised to only buy Intel chips and froze out rival AMD.
But Intel dismissed the charges. Bruce Sewell, Intel general counsel, said the company was disappointed and "completely disagreed" with the verdict. The company is considering appealing the decision. Sewell said he did not feel regulators took full account of the evidence the chip giant offered.
Intel faces similar accusations in Europe where the European Commission is investigating the company's relationship with retailers. Back in February Competition Commission officials raided Intel and Dixons Store Group offices in Germany and the UK looking for evidence of unfair practises.
New York's Attorney General Andrew Cuomo is also investigating Intel, as well as AMD, over how they price their chips and how their chip exclusivity agreements with partners work. ®
COMMENTS
Typical IC Fabricator Behaviour
Never should have moved away from the pentode valve.
Is it worth an appeal?
Is it worth an appeal?
I hear that one of Intel's secretaries has already paid the fine out of petty cash.
$25m is not going to even be noticed in Intel's accounts for the year!
Spare change
Intel reportedly found the $25m down the back of their sofa.
MSFT
I believe MSFT is doing the same in PC market. Except that instead of paying OEMs to install Windows only they threaten them to rise the prices if they don't comply.
Where's EU? Don't even mention US DoJ as they're just bunch of useless muppets.
