Intel, the world's largest chipmaker, has been fined a record €1.06bn ($1.44bn) by Europe's competition authorities for abusing its dominant market position and using illegal sales practices to encourage computer manufacturers to carry its micro-processor chips.
The fine, which follows a decade-long investigation by the European Commission, is the largest single penalty to be imposed on a company for antitrust breaches in Europe.
The commission also ordered Intel to “cease illegal practices immediately”. It is to monitor future conduct.
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