U.S. computer chip manufacturer, Intel, has reportedly been hit with the biggest antitrust fine ever given to a company by the European Union.
European Union officials have stated that Intel has engaged in illegal business practices in order to sabotage fellow chip-maker and business competitor, AMD.
According to Information Week: "The EU executive said U.S. based Intel paid computer makers to postpone or cancel plans to launch products that used AMD chips, paid illegal, secret rebates so computer makers would use mostly or entirely Intel chips, and paid a major retailer to stock only computers with its chips." For these violations, Intel has been fined $1.45 billion by the European Commisison. They have also been order to cease these types of shady dealings.