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Chip-maker fined over payments

Updated on 13 May 2009

By James Blake

The computer chip manufacturer Intel is handed a record fine of almost £1bn by the European Commission for anti-competitive practices.

An Intel sticker (picture: Reuters)

The commission found that between 2002 and 2007, Intel had paid manufacturers and a retailer to favour its products, pushing up the price of computers on the high street.

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