Intel Seeks Interest Of $624 Million On EU Fine Overturned

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.

IT World Canada Staff
IT World Canada Staff
The online resource for Canadian Information Technology professionals.

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