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27th January 2022, 11:24 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 153,362
| Europe's second highest court scraps Intel’s €1.06 billion antitrust fine Intel has emerged triumphant (for now) in a long-running antitrust case that once saw the chipmaker slapped with a record-breaking fine by the European Commission. The General Court, Europe's second highest court, has overturned the €1.06 billion fine levied against the company way back in 2009. Back then, the Commission determined that Intel abused its dominant position in the market and harmed its rivals by offering manufacturers such as HP, Dell and Lenovo incentives for using its microprocessors instead of those from rival AMD's. The company, of course, appealed the decision, but the General Court upheld the fine in 2014. Intel had a game plan to shut out AMD from the market and "attempted to conceal the anti-competitive nature of (those) practices," the court said. In 2017, however, the highest court in the European Union ordered the fine to be re-examined. It sent the case back down to the General Court on the grounds that the Commission didn't consider conducting an economic assessment on how Intel's activity impacted its rival's ability to compete against it. https://www.engadget.com/europe-seco...4.html?src=rss |
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