Last Updated: February 04, 2023, 09:13 IST
Intel is back under scrutiny by the European Union.
Intel could face another EU antitrust fine, according to a regulatory filing. This comes after the U.S. chipmaker won a court fight against a previous 1.06 billion Euro ($1.2 billion) fine last year.
Intel could face yet another EU antitrust fine despite winning its court fight last year against a 1.06 billion Euro ($1.2 billion) penalty imposed 14 years ago for hindering a rival, the U.S. chipmaker said in a regulatory filing.
Intel last year convinced Europe’s second-top court to scrap the fine handed out 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’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 company said in a Jan. 26 filing.
“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 said.
Companies risk fines up to 10% of their global turnover for EU antitrust breaches.
($1 = 0.9217 euros)
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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)
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