Intel raided by competition officials

By Derek Sooman on July 13, 2005, 4:20 PM
The anti-trust investigation against Intel rolls on, this time British offices of the IT computer giant are being raided, amongst others. At the same time as the UK raids, Milan, Madrid and Munich offices were also searched as part of the European Commission investigation into alleged abusive market practices.

A spokesman for the European Commission said, "Commission officials accompanied by officials from national competition authorities have conducted site inspections of Intel Corporation in Europe as well as a number of IT firms manufacturing or selling computers."

"These inspections are carried out within the framework of an ongoing competition investigation."

Where could all of this go? Well, in basic terms at least, the Commission could impose fines of up to 10 per cent of Intel's annual global turnover if the allegations are found to be true.

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