The European Commission found leading computer chipmaker Intel guilty Wednesday of violating European anti-trust rules and ordered that it pay a fine of €1.06 billion ($1.4 billion).
Intel was allowed to present a defense to the European Commission ahead of Tuesday's ruling.
The commission launched an anti-trust investigation nearly two years ago after determining that Intel abused its dominant position in the computer processing unit (CPU) market.
Its preliminary conclusion said Intel provided substantial rebates to a leading European personal computer (PC) retailer conditional on it selling only Intel-based PCs.
The company also paid a leading computer maker to delay the planned launch of a product line containing parts from its competitor, AMD, the commission said.
In a statement issued by European Union Competition Commissioner Neelie Kroes, the EC said,
Intel has harmed millions of European consumers by deliberately acting to keep competitors out of the market for computer chips for many years.
Intel also provided "substantial rebates" to the same computer maker conditional on it obtaining all of its laptop CPU requirements from Intel, the commission said.
Intel was allowed to present a defense to the commission's preliminary conclusions.
source: www.cnn.com
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