SUNNYVALE, Calif. (AP) -- The head of chip maker Advanced Micro Devices Inc. is celebrating a $1.45 billion antitrust fine against Silicon Valley rival Intel Corp.
AMD's CEO, Dirk Meyer, says the European Union ruling against Intel should mark the end of its rule over European markets and is "an important step toward establishing a truly competitive market."
The European Union said Wednesday that Intel's sales tactics were aimed at shutting out AMD from deals to get its chips into PCs. Intel has about 80 percent of the world's market for computer microprocessors, while AMD has virtually the rest.
AMD, founded in 1969 and now enduring one of the worst slumps in its history, has sued over Intel's tactics and complained to regulators for years.