May 18, 01:36 AM

Intel Challenges $421.4 Million (€376 Million) EU Antitrust Fine at EU General Court, Citing Disproportionate Penalty

Intel is contesting a €376 million ($421.4 million) antitrust fine imposed by the European Commission nearly two years ago. The fine relates to a 2009 case in which Intel was accused of excluding competitors from the market. Intel appeared before the EU General Court to argue that the penalty is disproportionate and unfair, citing the limited scope of the alleged violations involving major PC manufacturers. The European Commission has defended the calculation of the fine. This legal dispute highlights ongoing tensions between US chipmakers and EU regulators over antitrust enforcement.

#Intel #European Commission #EU General Court #US #EU

Written with ChatGPT (GPT-4).

Sources

Special Situations 🌐 Research Newsletter (Jay)@SpecialSitsNews
1 year ago
$INTC U.S. chipmaker Intel sparred with EU antitrust regulators over a 376 million euro fine levied nearly two years ago for excluding rivals from the market, arguing that it was disproportionate and unfair. The case dated to 2009 when the European Commission slapped a
Reuters Legal@ReutersLegal
1 year ago
US chipmaker Intel on May 16 sparred with EU antitrust regulators over a $421.4 million fine levied nearly two years ago for a case dated to 2009 when Intel was accused of excluding rivals from the market, arguing that it was disproportionate and unfair https://t.co/HNUCKZ3Wq4 https://t.co/Ot493oby5Q
The Hill@thehill
1 year ago
Long-running EU antitrust case of Microsoft Teams appears to be nearing an end https://t.co/SFK9tYldu8

Intel Challenges $421.4 Million (€376 Million) EU Antitrust Fine at EU General Court, Citing Disproportionate Penalty

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