Intel and the new trustbusters

Europe fines Intel a record $1.45 billion for behavior the Bush administration found legal. What will Obama do?

What happened

Europe’s antitrust regulator fined computer chip giant Intel a record $1.45 billion for illegally stifling competition, by undercutting smaller rival AMD. The European Commission says Intel illegally cut deals with PC makers to lock out AMD, while Intel says it just offered volume discounts. Whether or not the EC proves that Intel broke EU laws, “there are questions about whether consumers were really harmed.” (BusinessWeek)

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