Intel Seeks $625M Fine Overturned – SDN.Net

European Commission Intel’e cut off $1.2 billion antitrust He overturned the fine last January. Intel, on the other hand, said in its new filing that it wanted more than half of the fine it paid as compensation. A technology giant, from the European Commission $625 million in compensation requested.

Intel is seeking compensation for the overturned fine

The Intel case brought by the European Commission in 2009; Dell, HP and Lenovo of major manufacturers, inclspecial discounts” was the application. Allegedly, Intel, computer companies AMD’yi required it to use Intel hardware instead of preferring it.

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Intel, which was found to have given special discounts to manufacturers from 2002 to 2007, was fined $1.2 billion in antitrust charges. However, with the decision made last January, Intel’s defense was vindicated and the outcome of the 2009 antitrust case was overturned. EU, $1.2 billion after court loss returned the fine to Intel.

The tech giant still doesn’t seem happy with this decision. In the new damages claim, which began five months later, Intel said it was seeking $625 million from the European Commission. The company appealed to the EU General Court and said it wanted to receive “compensation for the damages suffered”.

The amount Intel is demanding is more than half of the fine. However, Intel denied this claim. 1.25% ECB refinancing stated that it was based on the equivalent interest rate. According to the company’s statement, although the interest rate increased to 3.5 percent from 2009 to 2022, it is based on the old value.

At Intel, we believe that our compensation actions are legal and do not harm competition. The semiconductor industry has never been more competitive than it is today, and we look forward to continuing to invest in Europe.

While the case has been going on for more than 10 years, it looks like it will continue for a few more years. According to the latest information, the European Commission is preparing an appeal to recover the penalty imposed on Intel.

What do you think about Intel’s request for compensation for the fine? Don’t forget to share your thoughts with us in the comments!

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