ID :
34880
Wed, 12/10/2008 - 15:21
Auther :
Shortlink :
https://www.oananews.org//node/34880
The shortlink copeid
(2nd LD) Intel files suit against S. Korea`s anti-trust fine
(ATTN: RECASTS headline, paras 1-2; CORRECTS typo in para 4; ADDS details on the KFTC's findings paras 9-11)
SEOUL, Dec. 10 (Yonhap) -- Intel Corp. said Wednesday it has filed a lawsuit with a South Korean court against the nation's anti-trust regulator for imposing an administrative fine on the world's largest chipmaker.
Wrapping up a two-year probe, the Korea Fair Trade Commission (KFTC) fined Intel
some 26 billion won (US$18 million) in June for violating the nation's anti-trust
law by pressuring computer makers to avoid using chips made by its rival Advanced
Micro Devices Inc. (AMD) of the United States.
In a statement, Intel said the complaint was filed with the Seoul High Court,
claiming the KFTC's decision was based on "substantial factual and legal errors
in formulating its final written opinion."
Intel accused the KFTC of failing "to understand the dynamics, pricing and
competition in the microprocessor market."
The chipmaker is taking an aggressive stance in going straight to the courts
without appealing to the KFTC.
Proceeding directly with the formal complaint will permit the South Korean court
to review the case in its entirety and reach an independent decision.
"Intel also believes that the KFTC has misinterpreted or chose to ignore large
amounts of economic evidence and analysis demonstrating the ultimate benefit to
consumers from the reduced prices and increased performance of Intel's
microprocessors," the Santa Clara, California-based company said.
In June, the KFTC said Intel offered $30 million in rebates to Samsung
Electronics Co. of South Korea in May 2002 on the condition that it stop buying
microprocessors from AMD.
Intel also provided $7.5 million in rebates to Trigem Computer Inc., leading the
South Korean personal computer maker to stop selling servers equipped with AMD
chips, according to the KFTC's findings.
Intel dominates the global market for microprocessors running computers using
Microsoft Corp.'s Windows operating system.
Officials at the public relations team of Intel's Korean unit were not
immediately available for comment.
(END)
SEOUL, Dec. 10 (Yonhap) -- Intel Corp. said Wednesday it has filed a lawsuit with a South Korean court against the nation's anti-trust regulator for imposing an administrative fine on the world's largest chipmaker.
Wrapping up a two-year probe, the Korea Fair Trade Commission (KFTC) fined Intel
some 26 billion won (US$18 million) in June for violating the nation's anti-trust
law by pressuring computer makers to avoid using chips made by its rival Advanced
Micro Devices Inc. (AMD) of the United States.
In a statement, Intel said the complaint was filed with the Seoul High Court,
claiming the KFTC's decision was based on "substantial factual and legal errors
in formulating its final written opinion."
Intel accused the KFTC of failing "to understand the dynamics, pricing and
competition in the microprocessor market."
The chipmaker is taking an aggressive stance in going straight to the courts
without appealing to the KFTC.
Proceeding directly with the formal complaint will permit the South Korean court
to review the case in its entirety and reach an independent decision.
"Intel also believes that the KFTC has misinterpreted or chose to ignore large
amounts of economic evidence and analysis demonstrating the ultimate benefit to
consumers from the reduced prices and increased performance of Intel's
microprocessors," the Santa Clara, California-based company said.
In June, the KFTC said Intel offered $30 million in rebates to Samsung
Electronics Co. of South Korea in May 2002 on the condition that it stop buying
microprocessors from AMD.
Intel also provided $7.5 million in rebates to Trigem Computer Inc., leading the
South Korean personal computer maker to stop selling servers equipped with AMD
chips, according to the KFTC's findings.
Intel dominates the global market for microprocessors running computers using
Microsoft Corp.'s Windows operating system.
Officials at the public relations team of Intel's Korean unit were not
immediately available for comment.
(END)
