EU Anti-Trust Officials Raid Intel in Europe

EU anti-trust officials raid Intel in Europe

BRUSSELS, July 12 (Xinhua) — The European Commission, the executive arm of the European Union (EU), raided on Tuesday offices of US computer chip-maker Intel across Europe as part of a probe into possible anti-trust violations.

Intel has been involved in a lengthy investigation by the Commission over alleged unfair trade practices.

“The investigations are being carried out within the framework of an ongoing competition case,” said European Commission spokesman Jonathan Todd.

In March, the European Commission announced that it was teaming up with Japanese authorities to investigate Intel in the wake of warnings that the US group had been stifling competition in the Japanese chip market.

Last month, it emerged that Intel was being sued by US rival Advanced Micro Devices (AMD) for anti-competitive practices.

Two suits were filed in Tokyo and are the latest salvos in a two- decade battle between the two companies.

Intel dominates global sales of microprocessors with 80 percent of sales by volume and 90 percent by revenue, according to AMD.