Intel to appeal EU ruling

BRUSSELS: Intel said on Wednesday it would appeal against a European Commission decision to fine the US computer chip giant 1.06 billion euros (1.45 billion dollars) for abusing its dominant market power.

"Intel takes strong exception to this decision," Intel president and chief executive Paul Otellini said in a statement after the commission ordered the Santa Clara, California-based company to pay the record fine.

"We believe the decision is wrong and ignores the reality of a highly competitive microprocessor marketplace -- characterised by constant innovation, improved product performance and lower prices."

"There has been absolutely zero harm to consumers. Intel will appeal," he added.