Intel seeks hundreds of millions of dollars in interest from

Intel seeks hundreds of millions of dollars in interest from Europe over antitrust fine overturned

Several years after collecting a $1.2 billion fine for anti-competitive behavior in the EU, Intel has not only successfully challenged it, but is also seeking interest on that amount for all previous years — $623.5 million U.S. dollar.

    Image source: Intel

Image source: Intel

A five-year investigation that ended in 2009 found that Intel was caught in “non-competitive” activities from October 2002 to December 2007, resulting in a record fine for a chipmaker. In January this year, after years of appeals, the tech giant finally managed to get the fine overturned. At the same time, the American manufacturer does not want to stay the course and is demanding material compensation for unlawful punishment by Brussels.

According to the latest data, Intel applied to the European Court of General Jurisdiction for damages with interest. Intel estimates the company is additionally owed more than half of the fine amount based on an analysis of the EU central bank’s refinancing rate – at the time the fine was approved it was 1.25% and has increased significantly over the 12 years, that have passed since then. In addition, the manufacturer demands compensation for delays in the payment of funds.

The scandal, which affected business structures, residents of the European Union and Intel, continues to this day. The company is accused of giving discounts to partners like Dell, HP and Lenovo for preferential use of the company’s processors in their computers at the expense of competing chipmakers, notably AMD. In addition, Intel was accused of paying German retailer Media Saturn Holding for refusing to sell computers using competitor components.

    Image source: Intel

Image source: Intel

In 2009, it was decided that such “discounts” would significantly limit the room for maneuver for Intel’s competitors, resulting in fewer alternatives for users and less incentive for competitors to innovate.

Intel vigorously protested the decision. And if the appeal was rejected in 2012, then in 2014 the company reached the highest instance – the so-called. of the European Court of Justice, which referred the case back to the European Court of General Jurisdiction for reconsideration in 2017. In January, after more than a decade of litigation, the court sided with Intel, calling its previous analysis of the company’s behavior incomplete and acknowledging that it could not establish a legal rule that discounts in this case constituted a ” anti-competitive effect.

However, the European Commission will not give up. In April, she announced that she would appeal the court’s decision to overturn the fine. The appeal process is currently ongoing.


About the author

Dylan Harris

Dylan Harris is fascinated by tests and reviews of computer hardware.

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