'Intel Hit With $400M EU Antitrust Fine In Decades-Old Case' - Yahoo Finance
Portfolio Pulse from Benzinga Newsdesk
Intel has been fined $400 million by the EU in an antitrust case related to actions taken between 2002 and 2006. The case, which accuses Intel of illegally excluding rivals from the market, was reopened after an initial fine of 1.06 billion euros in 2009 was dismissed last year. The EU watchdog has accused Intel of paying HP, Acer, and Lenovo to halt or delay rival products.
September 22, 2023 | 12:17 pm
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NEGATIVE IMPACT
Intel's $400M fine by the EU for antitrust violations could negatively impact the company's financials and reputation in the short term.
The fine represents a significant financial burden for Intel and could also damage its reputation, potentially impacting its relationships with customers and partners. This could lead to a short-term negative impact on the company's stock price.
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IMPORTANCE 80
RELEVANCE 100