Thursday, June 12, 2014
Intel loses court challenge against $1.4 billion EU fine
U.S. chipmaker Intel lost on Thursday its challenge against a record 1.06 billion euro ($1.44 billion) European Union fine handed down five years ago, as Europe's second highest court said regulators did not act too harshly.
The European Commission in its 2009 decision said Intel tried to thwart rival Advanced Micro Devices (AMD) by giving rebates to PC makers Dell, Hewlett-Packard Co, NEC and Lenovo for buying most of their computer chips from Intel.
"This might well lead to a supplementary incentive for a company under investigation for an alleged abuse of dominance to settle with the Commission or to offer commitments in order to motivate the Commission to end its investigation."
Samsung recently settled EU charges while Google has also clinched a deal with the Commission.
The case is T-286/09, Intel vs Commission.
read full article at Reuters http://www.reuters.com/article/2014/06/12/us-intel-court-eu-idUSKBN0EN0M120140612
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