{"id":35292,"date":"2023-10-02T11:20:58","date_gmt":"2023-10-02T11:20:58","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/intel-hit-with-400-million-eu-antitrust-fine-in-decades-old-case-2"},"modified":"2023-10-02T11:46:17","modified_gmt":"2023-10-02T11:46:17","slug":"intel-hit-with-400-million-eu-antitrust-fine-in-decades-old-case-2","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/intel-hit-with-400-million-eu-antitrust-fine-in-decades-old-case-2","title":{"rendered":"Intel hit with $400 million EU antitrust fine in decades-old case"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>Intel (INTC. O) was fined 376 million euros ($400 million) on Friday in an EU antitrust case stemming from the U. S. chipmaker\u2019s anti-competitive practice nearly two decades ago to block rivals.<\/p>\n

An initial record fine of 1.06 billion euros in 2009 for the offence and other practices was thrown out last year by the Luxembourg-based General Court, Europe\u2019s second highest.<\/p>\n

The court, however, agreed with the European Commission that Intel illegally excluded rivals from the market which prompted the EU antitrust watchdog to re-open the case.<\/p>\n

The 2009 ruling accused Intel of blocking rival Advanced Micro Devices (AMD. O). On Friday, the EU watchdog said it had re-imposed a fine for practices between November 2002 and December 2006 when Intel paid HP (HPE.<\/p>\n

N), Acer (2353. TW) and Lenovo (0992. HK) to halt or delay rival products. \u201cThe General Court confirmed that Intel\u2019s naked restrictions amounted to an abuse of dominant market position under EU competition rules,\u201d the European Commission said in a statement.<\/p>\n

Intel said it was assessing its options. \u201cWe are analysing the decision and the amount of the fine to determine the possible grounds and prospects of success of an appeal to the European Courts.<\/p>\n

,\u201d the company said in a statement.<\/p>\n

Intel is currently awaiting the Commission\u2019s approval for nearly 10 billion euros in German state subsidies to build a chipmaking facility in Germany.<\/p>\n

The Commission has appealed the other parts of the General Court\u2019s ruling last year related to conditional rebates offered by Intel at the EU Court of Justice, Europe\u2019s top court.<\/p>\n

For More News And Analysis About Mauritius<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. Intel (INTC. O) was fined 376 million euros ($400 million) on Friday in an EU antitrust case stemming from the U. S. chipmaker\u2019s anti-competitive practice nearly two decades ago to block rivals. An initial record fine of 1.06 billion euros in 2009 for the offence and other practices was thrown out last […]<\/p>\n","protected":false},"author":84,"featured_media":35291,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[233,245,2500,241],"class_list":["post-35292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-mauritius","tag-intel","tag-mauritius"],"yoast_head":"\nIntel hit with $400 million EU antitrust fine in decades-old case - Mauritius<\/title>\n<meta name=\"description\" content=\"Intel (INTC. 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