Jason OMahony - Irish political blogger, Irish politics, EU politics
 

€1.06 billion reasons why the EU is not in the pocket of big business.

Posted by Jason O on May 13, 2009 in Irish Politics, Lisbon Treaty |

Soft on big business? Not on your Neelie!

Soft on big business? Not on your Neelie!

With the scribble of a pen, the EU puts more manners on errant big business than Richard Boyd Barrett, Joe Higgins and Mary Lou could do in their whole life of putting up posters with exclamation points.

The European Union: How d’ya like THEM apples?

 

European Commission Press Release

13 May 2009

EU Commission imposes fine of €1.06 billion on Intel for abuse of dominant position in the market for computer chips; orders Intel to cease illegal practices

The European Commission has imposed a fine of €1,060,000,000 on Intel Corporation for violating EC Treaty antitrust rules on the abuse of a dominant market position (Article 82) by engaging in illegal anticompetitive practices to exclude competitors from the market for computer chips called x86 central processing units (CPUs), the main hardware component of a computer. The Commission has also ordered Intel to cease the illegal practices immediately to the extent that they are still ongoing.

Competition Commissioner Neelie Kroes said: “Intel has harmed millions of European consumers by deliberately acting to keep competitors out of the market for computer chips for many years. Such a serious and sustained violation of the EU’s antitrust rules cannot be tolerated”.

For more information, please contact
Babis C. Metaxas
Press Officer
European Commission Representation in Ireland
18 Dawson St.
Dublin 2
Tel: (01) 634 1131, 0877 901 501
E-mail: charalampos.metaxas@ec.europa.eu

 

 

 

 

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