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Intel Fined USD $25.4 Million in South Korea

Discussion in 'News' started by malware, Jun 5, 2008.

  1. malware New Member

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    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.

    Source: Bloomberg, AFP
     
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  2. BigBruser13

    BigBruser13 New Member

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    Intel, notty notty how could you? Poor AMD is already doing bad enough. At least it seems.
    maybe AMD should sue Intel too.
     
  3. ShadowFold

    ShadowFold New Member

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    Wow.. So they were trying to get big companies to not buy AMD? Thats pretty freakin low.
     
  4. Solaris17

    Solaris17 Creator Solaris Utility DVD

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    dude WTF?! thats wicked low dude no company should do that ever.
     
  5. lemonadesoda

    lemonadesoda

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    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.
     
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  6. Fragman

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    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
     
  7. Solaris17

    Solaris17 Creator Solaris Utility DVD

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    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.
     
  8. cool_recep

    cool_recep

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    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.
     
  9. acperience7

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    "...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.
     
  10. Focus182 New Member

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    intel = BOOOOOO .. so low ..
     
  11. cool_recep

    cool_recep

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    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?
     
  12. DarkMatter New Member

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    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.
     
  13. holy_

    holy_ New Member

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    Intel

    Intel is already dominating but why they did something like that? sigh :shadedshu
     
  14. Morgoth

    Morgoth

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    yes intel! go go :D bash amd :D
     
  15. InnocentCriminal

    InnocentCriminal Resident Grammar Amender

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    Xd
     
  16. suraswami

    suraswami

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    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.
     
  17. xylomn

    xylomn New Member

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    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
     
  18. thoughtdisorder

    thoughtdisorder New Member

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    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:
     
  19. HTC

    HTC

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    Too bad they didn't make it 2.5 billion :(
     
  20. Morgoth

    Morgoth

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    i'm against that..
     
  21. a111087

    a111087

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    "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 :)
     
  22. HTC

    HTC

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    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!
     
  23. ghost101

    ghost101 New Member

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    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.
     
  24. newbielives New Member

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    $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
     
  25. a111087

    a111087

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    same here, if AMD will not do anything soon enough
    i just don't see Phenom as being the answer, at least not now
     

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