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South Korea's antitrust regulator said Thursday it will order Intel Corp. to pay $25.4 million for violating fair trade rules. The Korea Fair Trade Commission said in a statement Thursday that it was issuing the order because the semiconductor giant offered rebates to South Korean computer companies and undercut competitor Advanced Micro Devices Inc. Intel, based in Santa Clara, Calif., immediately criticized the ruling and said it would consider its options, including a possible appeal. "We're disappointed and we completely disagree with the findings," Bruce Sewell, Intel senior vice president and general counsel, said in Seoul. The Korea Fair Trade Commission charged Intel with violating South Korean antitrust laws last year after completing a two-year probe. The commission said Intel provided rebates to Samsung Electronics Co. and other South Korean computer makers who agreed to use Intel microprocessors over those manufactured by Sunnyvale, Calif.-based AMD, Intel's main competitor. Samsung had no immediate comment. Intel has been scrutinized by regulators in several countries and the European Union over allegations it abused its market dominance to pressure computer makers and undermine rivals. Intel dominates the world market for microprocessors, the electronic brains of computers. The company has faced numerous legal battles over how it maintains its market position but has repeatedly denied breaking any laws. Sewell said Intel would wait for the issuance of an official outcome from the commission, which could take between 30 and 60 days, before deciding a course of action. Details of the ruling could change during that period. Sewell said Intel has the option to request a reconsideration to the commission, though it could also seek a court ruling. The commission also ordered Intel to cease providing rebates. "To ask us to cease and desist behavior which we are not and never have done is odd," said Intel spokesman Nick Jacobs. |
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