Intel Loses Appeal Against $1.44 Billion Anti-Trust Fine
Published on: 12th Jun 2014
Note -- this news article is more than a year old.
Intel has lost an appeal against a record anti trust fine that was imposed on it by European regulators.
The European Commission fined the company in 2009 a total of USD1.44 billion after they ruled that Intel had taken action to block rival chip manufacturer, AMD.
The EU regulators said that between 2002 and 2007, Intel had offered discounts and rebates to computer manufacturers who favoured its chips over its rival at a time when the two companies were at more than usual levels of aggressiveness in seeking market share.
In a statement, Intel said it was "very disappointed" with the decision.
"The Commission demonstrated to the requisite legal standard that Intel attempted to conceal the anti-competitive nature of its practices and implemented a long term comprehensive strategy to foreclose AMD from the strategically most important sales channels," the court said.
"The General Court considers that none of the arguments raised by Intel supports the conclusion that the fine imposed is disproportionate. On the contrary, it must be considered that that fine is appropriate in the light of the facts of the case," the judges said.
Intel said it would evaluate the ruling before deciding if it will appeal to the highest court within Europe.
"We are very disappointed with the decision," the firm said. "This is a complex case and the decision reflects that. We have begun the process of evaluating the court's judgment."