Intel claims 593 million euros from the European Commission for an unjustified fine

0

Intel wants the European Commission (EC) to pay 593 million euros. Earlier this year, the technology company did not have to pay a 2009 fine that amounted to 1.06 billion. The money requested must represent a “loss of interest”.

Between 2002 and 2007, Intel provided rebates to computer manufacturers such as Dell, Lenovo, HP, and NEC. In return, they had to promise not to do business with AMD, Intel’s biggest competitor. According to the European Commission, the company abused its dominant position in the microprocessor market. The Brussels regulator therefore imposed a fine on Intel.

The Tribunal of the Court of Justice ruled in January that the analysis carried out by the EC at the time was incomplete and did not demonstrate that the disputed discounts could have anti-competitive effects. Accordingly, the fine was canceled and the commission refunded the fine.

Intel now thinks it is still entitled to lost interest, but the EC refuses to pay it. Now, Intel has filed a claim for 593 million euros with the Court. The manufacturer based its request on the interest rate of the European Central Bank. This actually amounts to 631 million euros, but the commission had already paid 38 million euros in interest.

Leave A Reply

Your email address will not be published.