Thursday, June 5th 2008

Intel Fined USD $25.4 Million in South Korea

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 Discuss (62 Comments)
Chip maker Intel was fined USD $25.4 million (£13m) by the Korea Fair Trade Commission on Tuesday for taking advantage from its dominant position in the microprocessor market against rival Advanced Micro Devices (AMD). The Commission fined Intel because it was offering discounts to Samsung Electronics Co. and Trigem Computer Inc. that were against the Korean antitrust rules. Intel had offered about $37 million in rebates to Samsung and Trigem for over two and a half years on the condition that they wouldn't buy from Advanced Micro, according to commission's statement. Intel said it was very unhappy with the ruling and will further review the South Korean commission's decision. "We are disappointed with the decision. We feel the commission has overlooked or ignored key evidence that demonstrates Intel's business practices have been fair and lawful," Intel's Asia Pacific regional spokesman Nick Jacobs said in a statement. "Once we've had a chance to review the findings in detail it is possible that Intel will request a further review and, if necessary, an appeal which will permit a court to review the case independently." Since 2005, Intel has also been hit by anti-trust cases in the US, Japan and Europe.
Sources: Bloomberg, AFP

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62 Comments on Intel Fined USD $25.4 Million in South Korea

#1
BigBruser13
Intel, notty notty how could you? Poor AMD is already doing bad enough. At least it seems.
maybe AMD should sue Intel too.
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#2
ShadowFold
Wow.. So they were trying to get big companies to not buy AMD? Thats pretty freakin low.
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#3
Solaris17
Super Dainty Moderator
dude WTF?! thats wicked low dude no company should do that ever.
Posted on Reply
#4
lemonadesoda
You know, the concept of "exclusive provider" is all over the world, every country, every industry. As the concept of "discounting for volume".

Combine the two concepts... and intel was doing nothing more than what a hotel does, a wholesaler does, even retail points-cards. It's all driving at the same concept.
Posted on Reply
#5
Fragman
I hate when firms do that its not fair and intel still think they dident do enything wrong may me tru but american law dosent apply to other contries
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#6
Solaris17
Super Dainty Moderator
FragmanI hate when firms do that its not fair and intel still think they dident do enything wrong may me tru but american law dosent apply to other contries
ya it sucks too its no good for compitition whanna know what the worst part is ? 25m isnt anything to them they'll go to court wright a check and be done with it.
Posted on Reply
#7
cool_recep
If a lot of people are talking about something, i mean this event, there had to be some part of reality in it.

So, the time was today. Now we have a proof.

US, Japan, Europe and now Korea. I don't think that they all have made wrong decisions about that.
Posted on Reply
#8
acperience7
"...Fair and lawuful..."

How did they come up with that? Cheaters... :shadedshu They should face it. They broke the law, they got caught, they're getting sued, it wasn't a dream.
Posted on Reply
#9
Focus182
intel = BOOOOOO .. so low ..
Posted on Reply
#10
cool_recep
lemonadesodaYou know, the concept of "exclusive provider" is all over the world, every country, every industry. As the concept of "discounting for volume".

Combine the two concepts... and intel was doing nothing more than what a hotel does, a wholesaler does, even retail points-cards. It's all driving at the same concept.
The subjet is not discount i think. The problem here is the rebate. Yes, maybe the same thing but if you are making a discount which you usually don't that means there is something in it, isn't it?
Posted on Reply
#11
DarkMatter
cool_recepThe subjet is not discount i think. The problem here is the rebate. Yes, maybe the same thing but if you are making a discount which you usually don't that means there is something in it, isn't it?
Plus some things change when there are only two players at the game and a monopoly is on the horizon.

That's the case here lemonadesoda.
Posted on Reply
#12
holy_
Intel

Intel is already dominating but why they did something like that? sigh :shadedshu
Posted on Reply
#13
Morgoth
Fueled by Sapphire
yes intel! go go :D bash amd :D
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#15
suraswami
Do you all think its Intel's money? It all people's money. $25.4 million is peanuts for Intel. Die Intel Die.

Intel acquired a small chip company here in orange county and firing all. My friend is also a victim. They just want to eliminate every small company.
Posted on Reply
#16
xylomn
Its a shame intel even felt they had to do this in the first place, they have a very strong product line-up against amd
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#17
thoughtdisorder
Well, if you do the math, Intel offering $37 million in rebates, and the fine was only $25 million, then Intel made out good. No company would offer $37 million in rebates unless they were going to make way more than that.....;)

Shame on you Intel for being such a fierce competitor! :rolleyes:
Posted on Reply
#18
HTC
suraswamiDo you all think its Intel's money? It all people's money. $25.4 million is peanuts for Intel. Die Intel Die.

Intel acquired a small chip company here in orange county and firing all. My friend is also a victim. They just want to eliminate every small company.
Too bad they didn't make it 2.5 billion :(
Posted on Reply
#19
Morgoth
Fueled by Sapphire
i'm against that..
Posted on Reply
#20
a111087
"Intel said it was very unhappy with the ruling"
Heh, they got to be kidding. being so openly monopolistic and then suprized that they get finned for that is just ridiculous.

why they were fined for such low amount? multiply that by 10 and it might have been fair :)
Posted on Reply
#21
HTC
a111087"Intel said it was very unhappy with the ruling"
Heh, they got to be kidding. being so openly monopolistic and then suprized that they get finned for that is just ridiculous.

why they were fined for such low amount? multiply that by 10 and it might have been fair :)
Agree except with the number "10": it would be insufficient because, since Intel is so dominant and they still NEED to pull such cheap shots, they should be aggressively punished and 250 million wouldn't do that. It would be a start, though!

25 million: pathetic, IMO!
Posted on Reply
#22
ghost101
Lol at the $25.4m fine. Like Intel will give a crap about that. At least it means that there might be evidence for the european competition commission to look at. As we know from microsoft, they arent worried about upsetting anyone. Its a shame the US DoJ also isnt looking at this.
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#23
newbielives
$37 million in rebates to Samsung and Trigem for over two and a half years on the condition that they wouldn't buy from Advanced Micro

That is really low but still my next CPU will be Intel :P
Posted on Reply
#24
a111087
newbielivesThat is really low but still my next CPU will be Intel :P
same here, if AMD will not do anything soon enough
i just don't see Phenom as being the answer, at least not now
Posted on Reply
#25
newtekie1
Semi-Retired Folder
Meh, it goes on daily in every industry by every large company. I bet AMD has even done it from time to time too.
Posted on Reply
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