Technology

An EU court ordered an antitrust fine of $1.2 billion against Intel.

In a setback to the European Union’s tech antitrust effort, a top court on Wednesday ordered a $1.2 billion fine to be issued against Intel more than a decade ago, activities aimed at knocking out rivals in the semiconductor industry.

Court speak The European Commission, the 27-nation bloc’s main antitrust regulator, made a major mistake about the competitive impact of Intel’s conduct when it determined the chipmaker had violated antitrust laws in 2016. 2009. Intel has been accused of paying illegal chargebacks to companies that use its semiconductors. competitor to Advanced Micro Devices.

The EU General Court’s decision in Luxembourg could be appealed, although the commission said it needed time to review the ruling.

The ruling shows how efforts by European regulators to crack down on the world’s biggest tech companies can be undercut by the courts. In 2020, Apple won an appeal of an order to refund 13 billion euros in taxes to Ireland, worth about $14.7 billion today. The higher court will hear another appeal of that case.

The court will also decide the fate of more than $9 billion in fines against Google related to unfair business practices in the company’s shopping, mobile, and advertising businesses. Antitrust investigations are also underway against Amazon, Apple, and Meta, Facebook’s new corporate name. And the European Union is drafting new antitrust laws that would expand the commission’s powers to go after the tech giants.

https://www.nytimes.com/2022/01/26/technology/eu-intel-antitrust-fine.html An EU court ordered an antitrust fine of $1.2 billion against Intel.

Fry Electronics Team

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