Thursday 19 January 2017

EU court adviser backs Intel appeal against EU fine

Published 20/10/2016 | 09:12

Picture: REUTERS/Nigel Treblin/Files
Picture: REUTERS/Nigel Treblin/Files

A lower court should review US chipmaker Intel's challenge against a record €1.06bn fine levied by EU antitrust regulators seven years ago, an adviser to Europe's top court said on Thursday.

  • Go To

"Intel's appeal against the imposition of a €1.06bn fine for abuse of its dominant position should be upheld," Advocate General Nils Wahl at the Court of Justice of the European Union (ECJ) said.

The fine remains the largest for a single company for an EU antitrust infringement.

The European Commission penalized Intel in 2009 for tactics aimed at stifling rival Advanced Micro Devices, including giving rebates to PC makers Dell, Hewlett-Packard, NEC and Lenovo for buying most of their computer chips from Intel.

Online Editors

Read More

Promoted articles

Editors Choice

Also in Business