Intel Seeks Interest Of $624 Million On EU Fine Overturned

Share post:

Intel is demanding $624 million in interest on the overturned $1.1 billion penalty it received from the European Commission in 2019 for anti-competitive practices. Intel is also appealing to the court to impose additional interest on late payments of these fees.

Intel was accused of anti-competitive practices. The company was accused of offering conditional rebates to key OEMs such as Dell, HP and Lenovo, making it more difficult for competitors to compete with their own CPUs.

After concluding that Intel was guilty of such anti-competitive practices, which took place between October 2002 and December 2007, the European Commission fined Intel.

Intel appealed the decision, and in January the General Court upheld Intel, finding that the European Commission’s analysis was incomplete and did not establish a legal standard that the rebates were essentially anti-competitive.

In April, the European Commission announced that it would appeal the decision.

The sources for this piece include an article in PCGAMER.

Featured Tech Jobs

SUBSCRIBE NOW

Related articles

Canadian police need a search warrant to get your IP address: Supreme Court

An IP address is the key to unlocking a user's internet identity the court's majority

One billion dollar copyright infringement killed on appeal

The $1 billion copyright infringement verdict against Cox Communications was overturned by a federal appeals court, which ruled...

Opposition MPs hammer head of PHAC over ArriveCAN app

Opposition calls $59 million cost and lack of oversight over the ArriveCAN app a "b

Serious IT incidents in Canadian financial sector almost tripled in 2023

MPs told there were 28 reportable Priority 1 IT incidents in 2023, up from 10 the y

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways