Intel Wins Against EU as Top Court Axes $1.15B Antitrust Fine
10/24/2024Intel Wins Against EU as Top Court Axes $1.15B Antitrust Fine
Introduction
Intel has achieved a significant victory against the European Union (EU) as the bloc's top court has annulled a $1.15 billion antitrust fine imposed on the company.
Key Details
Fine Details: The fine, originally levied in 2009, was for allegedly using illegal sales tactics to exclude rival AMD from the market.
Court Ruling: The European Court of Justice upheld a previous decision to overturn the fine, stating that the European Commission failed to provide sufficient proof of Intel's anti-competitive behavior.
Intel's Response: Intel expressed satisfaction with the court's decision, stating it allows them to put this part of the case behind them.
Ongoing Battle: Intel is still contesting a separate $376 million fine imposed last year for other sales restrictions.
Conclusion: A Major Win for Intel
This ruling marks a significant win for Intel, potentially impacting its financial and legal strategies moving forward.
Frequently Asked Questions (FAQs)
Q: What was the original reason for the fine against Intel? A: The European Commission accused Intel of abusing its market dominance by offering illegal rebates to PC makers to exclude AMD.
Q: How much was the fine that was overturned? A: The fine was 1.06 billion euros ($1.15 billion).
Q: Is Intel still facing any other fines from the EU? A: Yes, Intel is still contesting a 376.4 million euro ($406.6 million) fine imposed last year.