Last Updated: February 04, 2023, 09:13 IST
Intel is again beneath scrutiny by the European Union.
Intel might face one other EU antitrust tremendous, based on a regulatory submitting. This comes after the U.S. chipmaker gained a court docket battle in opposition to a earlier 1.06 billion Euro ($1.2 billion) tremendous final yr.
Intel might face yet one more EU antitrust tremendous regardless of profitable its court docket battle final yr in opposition to a 1.06 billion Euro ($1.2 billion) penalty imposed 14 years in the past for hindering a rival, the U.S. chipmaker mentioned in a regulatory submitting.
Intel final yr satisfied Europe’s second-top court docket to scrap the tremendous handed out by the European Commission in 2009 for giving rebates to 4 pc makers to purchase most of their chips from the corporate and never from rival Advanced Micro Devices.
“The General Court’s January 2022 decision did not annul the EC’s 2009 finding that Intel made payments to prevent sales of specific rival products, and in January 2023 the EC reopened its administrative procedure to determine a fine against Intel based on that alleged conduct,” the corporate mentioned in a Jan. 26 submitting.
“Given the procedural posture and the nature of this proceeding, we are unable to make a reasonable estimate of the potential loss or range of losses, if any, that might arise from this matter,” it mentioned.
Companies danger fines as much as 10% of their world turnover for EU antitrust breaches.
($1 = 0.9217 euros)
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