Intel officials said Wednesday a decision by the European Union to fine the company $1.45 billion for allegedly anti-competitive practices will not slow the company’s massive Ocotillo plant upgrade in Chandler.
Intel officials said Wednesday a decision by the European Union to fine the company $1.45 billion for allegedly anti-competitive practices will not slow the company's massive Ocotillo plant upgrade in Chandler.
In February the company announced it would spend $3 billion over the next two years to combine two clean-room factories at the Ocotillo campus and refurbish them with the latest tools to make the next generation microprocessors for personal computers.
"Intel will continue to invest in the products and technologies that provide the world the industry's best-performing processors at lower prices," said Intel spokeswoman Dawn Jones in a written statement.
The Ocotillo project is on schedule, and old tools are in the process of being removed, she said.
Jones also said Intel will not make any job reductions in Chandler beyond the several hundred positions that were targeted for elimination in January because of the slow economy. Currently the company employs about 9,900 in Chandler and will reduce by another couple of hundred by mid-year, she said. The exact number has not yet been determined.
Intel also will continue its Arizona charitable programs, which provided more than $600,000 to local nonprofit organizations last year, she said.
The fine, announced Wednesday at European Union headquarters in Brussels, was a record for the EU.
The commission said Intel has limited competition in the European microprocessor market through illegal sales tactics that shut out rival AMD.
The Santa Clara, Calif.-based company disagreed and said it will appeal the European Commission's decision to EU courts.