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Intel may be able to appeal seven-year old $1.16 billion EU antitrust fine

Posted on Thursday, October 20 2016 @ 12:24:40 CEST by


Intel logo
Seven years ago the European Commission slapped Intel with a 1.06 billion EUR ($1.16 billion) antitrust fine for tactics aimed at pushing AMD out of the market. This included giving rebates to PC builders like Dell, HP, NEC and Lenovo for buying most of their CPUs from Intel. the fine remains the largest ever for a single company for an EU antitrust infringement.

This morning I'm a bit surprised to find an update about this story as Reuters reports there's still an ongoing appeal process:
A lower court should review U.S. chipmaker Intel's challenge against a record 1.06-billion-euro ($1.16 billion) fine levied by EU antitrust regulators seven years ago, an adviser to Europe's top court said on Thursday.

"Intel's appeal against the imposition of a 1.06 billion euro fine for abuse of its dominant position should be upheld," Advocate General Nils Wahl at the Court of Justice of the European Union (ECJ) said.




 



 

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