Skip to content
August 4, 2025
  • Facebook
  • Twitter
  • Instagram
  • Youtube
  • tiktok
MILLENNIUM NEWS 24/7

MILLENNIUM NEWS 24/7

Bridging The Community’s World Wide

  • Home
  • IP TV LIVE
  • PODCAST
  • U.S.News
  • LOCAL ELECTION
  • State News
    • Alabama
    • Alaska
    • Arizona
    • Arkansas
    • California
    • Colorado
    • Connecticut
    • Delaware
    • Florida
    • Georgia
    • Hawaii
    • Idaho
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Louisiana
    • Maryland
    • Massachusetts
    • Michigan
    • Maine
    • Minnesota
    • Mississippi
    • Missouri
    • Montana
    • Nebraska
    • Nevada
    • New Hampshire
    • New Jersey
    • New Mexico
    • New York
    • North Carolina
    • North Dakota
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Virginia
    • Washington
    • West Virginia
    • U.S. Virgin Islands
  • Politics
  • World News
  • Sports
  • Entertainment
  • Weather
  • Business
  • Advisement
  • Health News
  • About Us
  • Contact us
Live TV

EU hits Intel with $400 million antitrust fine in long-running computer chip case

European Union antitrust enforcers slapped Intel on Friday with a fresh $400 million fine in a long-running legal fight that the chipmaker appeared to have won last year.

The European Commission imposed the 376.4 million-euro fine after a court threw out an original 1.06 billion-euro penalty issued in 2009 over allegations that the Santa Clara, California-based company used illegal sales tactics to shut out smaller rival AMD.

The commission, the 27-nation bloc’s top antitrust watchdog, accused Intel of abusing its dominant position in the global market for x86 microprocessors with a strategy to exclude rivals by using rebates and sales restrictions.

The EU’s General Court last year annulled the original decision, saying that the commission’s analysis of the rebates didn’t meet legal standards.

However, the court confirmed that the sales restrictions amounted to an abuse of Intel’s dominant market position. It couldn’t decide how the total fine could be divided up between the two offenses, leaving the commission to come up with a new number.

“The lower fine imposed by today’s decision reflects the narrower scope of the infringement compared to the 2009 Commission decision,” the EU watchdog said.

Intel’s European press team didn’t respond immediately to an email seeking comment.

 

About Author

dreamboy

See author's posts

Continue Reading

Previous: Stock market today: Asian shares mixed after interest rates-driven sell-off on Wall Street
Next: Hero or villain? Rupert Murdoch’s exit stirs strong feelings in Britain, where he upended the media

Related Stories

Profits drop at Warren Buffett’s Berkshire Hathaway as it writes down its Kraft Heinz investment

Profits drop at Warren Buffett’s Berkshire Hathaway as it writes down its Kraft Heinz investment

What consumers can expect from import taxes as the US sets new tariff rates

What consumers can expect from import taxes as the US sets new tariff rates

Trading a suit for boots and a hard hat: Behind the scenes at the Federal Reserve, mid-renovation

Trading a suit for boots and a hard hat: Behind the scenes at the Federal Reserve, mid-renovation

Entertainment

Flaco Jimenez, Texas accordionist who expanded popularity of conjunto and Tejano music, dies at 86 1

Flaco Jimenez, Texas accordionist who expanded popularity of conjunto and Tejano music, dies at 86

Jeannie Seely, soulful country singer behind hits like ‘Don’t Touch Me,’ dies at 85 2

Jeannie Seely, soulful country singer behind hits like ‘Don’t Touch Me,’ dies at 85

Justin Timberlake says he’s been diagnosed with Lyme disease 3

Justin Timberlake says he’s been diagnosed with Lyme disease

Martha’s Vineyard film fest returns with Black star power, bold storytelling and cultural legacy 4

Martha’s Vineyard film fest returns with Black star power, bold storytelling and cultural legacy

In ‘Sinners’ and his music, Buddy Guy is keeping the blues alive. It hasn’t been easy 5

In ‘Sinners’ and his music, Buddy Guy is keeping the blues alive. It hasn’t been easy

A small Serbian town is home to Robin Hood — in a new TV series 6

A small Serbian town is home to Robin Hood — in a new TV series

Benin grants citizenship to descendants of enslaved people. US singer Ciara is among the first 7

Benin grants citizenship to descendants of enslaved people. US singer Ciara is among the first

Top News

Israeli minister prays at flashpoint holy site as officials say 27 aid-seekers killed in Gaza

Israeli minister prays at flashpoint holy site as officials say 27 aid-seekers killed in Gaza

Pope Leo XIV tells 1 million Catholic youths that they are ‘the sign a different world is possible’

Pope Leo XIV tells 1 million Catholic youths that they are ‘the sign a different world is possible’

‘They roll right over’: Many Democrats call their party weak and ineffective, NORC poll finds

‘They roll right over’: Many Democrats call their party weak and ineffective, NORC poll finds

The Justice Department seeks voter and election information from at least 19 states

The Justice Department seeks voter and election information from at least 19 states

  • Home
  • About Us
  • Facebook
  • Twitter
  • Instagram
  • Youtube
  • tiktok
Editor: Nur M Tofader, Head Office: 544 Taylor Avenue Bronx New York USA 10473, Tell: 7186396600, 7186396800, 7188441300, Email: Info@millenniuamnews24.com, Copyright © Millennium News 24/7 | DarkNews by AF themes.