SiliconBeat

The blog world is abuzz with rumors that Intel is about to get spanked - and hard - by European authorities, who have been investigating claims the Santa Clara chipmaker engaged in anti-competitive practices.

Some are speculating that the European Union might even fine Intel more than $1 billion.

No one is commenting at Intel or at its chief competitor, Advanced Micro Devices, which long has accused Intel of monoplizing the market for high-powered computer chips. So we’ll have to wait until the Euros issue a public statement on the matter, a development that could occur as early as next week, according to some blogsters.