European Union antitrust enforcers have slapped Intel with a fresh $400 million fine in a long-running legal fight that the chipmaker appeared to have won last year.
The fine was 1b, 10 years ago. Nowadays chips have a geopolitical importance, so they lowered the fine to keep one of the most important player happy. Intel is finalizing contracts for billions here in Europe to build chip factories.
This was a smart political move, not a mathematical operation
Net revenue: $300 billion. Fines: $400 million.
🤔
Source for the revenue? Was only able to find figures in the $50-70bil range.
Profit $20-30bil.
Do you understand the case enough to make a more accurate judgement based on the relevant laws? I don’t, but believe that the court does.
The fine was 1b, 10 years ago. Nowadays chips have a geopolitical importance, so they lowered the fine to keep one of the most important player happy. Intel is finalizing contracts for billions here in Europe to build chip factories.
This was a smart political move, not a mathematical operation
Making deals with tyrants. I’m sure that will work out just fine.
Consider the alternative