(Adds comments from Intel CEO, views on Russian economy)
By Guy Faulconbridge
ST PETERSBURG, Russia, June 6 The chairman of
the world's No. 1 semiconductor maker, Intel Corp (INTC.O), said
on Friday he was "perplexed" by South Korean regulators ruling
that Intel had abused its dominant position in the local market.
"We obviously have expressed disappointment and a lack of
understanding with the KFTS (Korean Fair Trade Commission)
conclusion," Craig Barrett told Reuters.
"We are a bit perplexed," Barrett said on the sidelines of
the Russian Economic Forum in St Petersburg. "We need to study
the final document before deciding on a course of action. We
have not even seen the final decision," he added.
South Korean regulators said on Thursday Intel had abused
its dominant position in the local market and ordered the
company to pay a fine of about $26 million.
The ruling, which follows a three-year probe, is being
closely watched as similar antitrust investigations are under
way in the United States and Europe. Intel's chief lawyer has
said the company would almost certainly file an appeal.
Barrett said Intel would have to study the ruling closely
before deciding what to do next.
Intel makes the central processing unit (CPU) chips at the
heart of the world's personal computers and servers.
Barrett said that Russia and markets in the Commonwealth of
Independent States (CIS), a group of former Soviet countries,
were very strong for technology sales.
Most countries in the former Soviet Union are booming on the
back of record oil prices and soaring domestic demand, pumping
up hunger for personal computers, servers and IT solutions.
"Our business is expanding because the marketplace in both
Russia and the CIS countries has been very strong. They are very
good markets," he said. "This is perhaps one of the strongest
growing emerging market areas.
"The general trend is that a lot of the growth for the IT
industry is going to be in the emerging markets and I think
Russia and the CIS countries are a good example of what is going
on in emerging markets," Barrett said.
Russia's economy is booming for a tenth straight year,
attracting record foreign investment.
(Writing by Dmitry Zhdannikov and Guy Faulconbridge; Editing by
David Holmes/Rory Channing)