Intel Fined More Than $1.4 Billion

Intel and AMD have battled in a fierce rivalry in the last few years. As the two microprocessor giants in the computer industry, they’ve gone head-to-head constantly. AMD has long said that Intel has utilized unfair business practices and on Wednesday, the European Union agreed and fined Intel more than $1.4 billion.

The amount of the fine is a record amount and could very well lead to the regulators in the United States looking closer at Intel. AMD has said that Intel oftentimes bullies computer makers and offers their product at unreasonably low prices to stifle competition and try to force AMD to lose money.

Intel was founded in 1968 in Santa Clara, California. In 2008, it had revenue reported to be more than $35 billion and operating income over more than $8 billion. Still headquartered in Santa Clara, Intel employs more than 80,000 people around the world.

Founded in 1969, AMD is based in Sunnyvale, California and in 2008 had revenue that reportedly topped $5 billion. Worldwide, the company is thought to have more than 15,000 employees.

Intel Logo (Image: Flickr)