Intel faces yet another EU antitrust fine despite court win last year

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euro ($1.2 billion) penalty imposed 14 years ago for disrupting a rival, the US chipmaker said in a regulatory filing.

Intel last year persuaded a second European court to lift a fine handed down by the European Commission in 2009 for giving rebates to four computer makers to buy most of their chips from the -company and not from rival Advanced Micro Devices.

“The General Court decision of January 2022 did not annul the EC’s 2009 finding that Intel made payments to prevent the sale of specific rival products, and in January 2023 the EC reopened the its administrative proceeding to determine a fine against Intel based on that alleged conduct,” the company said in a Jan. 26 filing.

“Due to the procedural standing and nature of this proceeding, we are unable to make a reasonable estimate of the potential loss or the extent of loss, if any, that may result from this matter,” she said. .

Companies risk fines of up to 10% of their global turnover for EU antitrust violations.

($1 = 0.9217 euro)

(Reporting by Foo Yun Chee, Editing by Louise Heavens)

By Foo Yun Chee

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