Intel is suing the EU Commission for more than half a billion euros | TechBuzz

- Advertisement -

In 2009, Intel was fined billions for alleged anti-competitive behavior. After the EU court reversed the verdict in January, the chip manufacturer is now demanding damages.

The chip manufacturer Intel is demanding more than half a billion euros in interest from the EU Commission in connection with a penalty that has been declared invalid.

This is about damages for a competition penalty that was wrongly imposed by the EU court, as can be seen from an entry that has now been published in the EU Official Journal. In January, the EU General Court annulled a 2009 fine of 1.06 billion euros against Intel (Case T-286/09). The group had provisionally paid the fine and got it back in February of this year. Now he is demanding default interest on the amount.

The company had been accused by the EU Commission of trying to illegally force competitors out of the market. Intel’s claim for damages was filed at the end of April, according to the documents.

- Advertisement -

Source link

READ  Huawei brings the Mate Xs 2 to Germany | TechBuzz
- Advertisement -
I am admin of blog & I provide tech-related news. As a part of my hobby, I make content related to technology and gadgets reviews too. I love to be a content creator apart from it, I am a full-time employee in an MNC company and manage blogs systematically. You can mail me at [email protected]

More from author

Related posts


Latest posts

iMac 4K CPO 2019 on sale at iBood | TechBuzz

If you're looking for a cheap Mac, check out iBood today. There is the iMac 4K CPO from 2019 with QWERTY keyboard with...

Want to stay up to date with the latest news?

We would love to hear from you! Please fill in your details and we will stay in touch. It's that simple!