Intel faces $25.4M antitrust fine: CNN

SEOUL, South Korea (AP) -- South Korea's antitrust regulator said Thursday it will order Intel Corp. to pay 26 billion won ($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 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.

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