Friday, June 6, 2008

South Korea fines Intel $25 million

The South Korea Fair Trade Commission has brought the hammer down on Intel, fining the company 26 billion won ($25.4 million) for alleged anti-competitive behavior. Intel faced the same charge there as in several other nations and the European Union: bribing companies to keep AMD processors out of their product lines.

According to the Korean regulators, Intel provided rebates to Samsung and other South Korean computer makers in exchange for not using AMD processors. Along with the hefty fine, the Fair Trade Commission is ordering Intel to stop using rebates pushing PC makers to shun AMD's products.

Still claiming innocence, Intel went on to say it intends to "consider its options, including a possible appeal."

Source:
Yahoo News
Forbes

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