Intel: $400 Million Antitrust Fine

Intel Corporation, commonly referred to as Intel, is a multinational technology corporation that ranks among the world’s largest semiconductor chip manufacturers by revenue. The company produces motherboards, network interface controllers, graphic chips, and microprocessors for various computer manufacturers like Dell, HP, Acer and Lenovo.

Intel was founded in 1968 with its headquarters in California, USA.

According to the Associated Press, the European Union’s antitrust division has fined the multinational corporation a sum of $400 million USD in a long-running legal standoff that alleges that Intel abused its global dominance by deploying illegal sales practices to block out other chip manufacturers like Advanced Micro Devices (AMD).

AMD is a multinational semiconductor company also headquartered in California, USA, a direct Intel competitor.