Intel appeals against €1.06bn EC fine


Intel appeals against €1.06bn EC fine

Simon Quicke

Intel has carried through on its pledge to appeal against its €1.06bn fine for anti-competitive behaviour.

According to reports the supplier has lodged an appeal against the fine, the largest handed out by the European Commission.

Intel's general counsel Bruce Sewell said in May, at the time of the fine, that the company would appeal. He said he believed that Intel had a strong case because the European Commission had failed to review all the evidence.

"The commission for reasons known only to itself has chosen to rely on pieces of evidence that are weak and has chosen not to pay attention or focus on evidence that contradicts the conclusions reached today," he said at the time.

The EC handed out the fine following an investigation into a complaint from rival AMD that alleged that Intel had threatened its existence with anti-competitive behaviour.

Intel will now file an appeal with the Luxembourg-based Court of First Instance.

The vendor was given 60 days to appeal, and it has put in place a bank guarantee for €1bn, holding the money until the judgment on the appeal.

Email Alerts

Register now to receive IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.

COMMENTS powered by Disqus  //  Commenting policy