EU levels new antitrust charges at Intel

Stephen Beard Jul 18, 2008
HTML EMBED:
COPY

EU levels new antitrust charges at Intel

Stephen Beard Jul 18, 2008
HTML EMBED:
COPY

TEXT OF STORY

Bob Moon: European antitrust officials have filed new charges against Intel. They accuse the world’s largest chipmaker of stifling competition.

From the European Desk, Marketplace’s Stephen Beard reports.


Stephen Beard: The European Commission claims Intel has been playing dirty, trying illegally to push its lesser-known rival AMD out of the market. Intel allegedly paid a leading European retailer not to stock products containing AMD chips.

Intel denies the charges. It says they stem solely from complaints made by their old rival.

Barry Fox is with New Scientist Magazine. He says as the overall market for new electronic equipment shrinks, this battle between the two chipmakers is getting nasty.

Barry Fox: You’ve got Intel currently making record profits and AMD showing losses, so it’s not surprising that AMD is going to pull out all the stops to fight Intel.

The European Commission is clearly taking AMD’s complaints seriously. If it finds Intel guilty, it could fine the company 10 percent of its annual sales.

In London, this is Stephen Beard for Marketplace.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.