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[13 May 2009 | No Comment | 787 supporters]

Intel Corp. (INTC) will have to pay a record EUR1.06 billion fine for breaking European antitrust laws, the European Commission said Wednesday.
The executive arm of the European Union found the world’s largest computer chip maker illegally kept smaller rival Advanced Micro Devices Inc. (AMD) out of competition by paying computer manufacturers and retailers not to use its products.
The commission said Intel provided rebates to computer makers on condition they bought most – often up to 95% – of their computer chips from Intel. Intel also made direct payments to major …