Begin typing your search above and press return to search.
proflie-avatar
Login
exit_to_app
The smouldering of anger in Ladakh
access_time 29 March 2024 4:20 AM GMT
Democracy that banks on the electorate
access_time 28 March 2024 5:34 AM GMT
Lessons to learn from Moscow terror attack
access_time 27 March 2024 6:10 AM GMT
Gaza
access_time 26 March 2024 4:34 AM GMT
The poison is not in words, but inside
access_time 25 March 2024 5:42 AM GMT
DEEP READ
Schools breeding hatred
access_time 14 Sep 2023 10:37 AM GMT
Ukraine
access_time 16 Aug 2023 5:46 AM GMT
Ramadan: Its essence and lessons
access_time 13 March 2024 9:24 AM GMT
When ‘Jai Sree Ram’ becomes a death call
access_time 15 Feb 2024 9:54 AM GMT
exit_to_app
Homechevron_rightWorldchevron_rightIntel wins appeal...

Intel wins appeal against $1.2 billion European anti trust suit

text_fields
bookmark_border
Intel wins appeal against $1.2 billion European anti trust suit
cancel

Chip manufacturer Intel have won an appeal against a suit filed by European anti-trust regulator, the European Commission, which sought to penalise the company for allegedly stifling competition in the market 13 years ago. The suit was valued at £1.06 billion or approximately $1.2 billion.

The Luxembourg-based General Court, Europe's second-highest, criticised the EU competition enforcer's analysis and annulled the fine. The General Court was where Intel's appeal was filed and it has described the suit as being based on "incomplete" analysis that did not establish sufficient "legal regard" to impose punitive action on the manufacturer.

13 years ago the European Commission had accused Intel of stifling their competitor Advanced Micro Devices (AMD) in the market by providing rebates to other tech companies like Dell and Hewlett-Packard (HP) to buy Intel chips.

" The (European) Commission's analysis is incomplete and does not make it possible to establish to the requisite legal standard that the rebates at issue were capable of having, or likely to have, anticompetitive effects," judges said.

The court annulled in its entirety the article of the contested decision which imposed on Intel a fine of 1.06 billion euros in respect of the infringement found. The same court had in 2014 upheld the Commission's 2009 decision but was subsequently told by the EU Court of Justice, Europe's highest, in 2017 to re-examine Intel's appeal, Reuters reported.

Rebates are a controversial subject in European markets as many regulators feel that dominant companies may abuse their positions in the market to use them and stifle competition whereas companies argue that the burden is on regulators to prove the rebates are anti-competition in nature.

Tech giant Google is also facing several hefty lawsuits filed by European regulators which accuse it of similar practises in respect to advertising practises.

The European Commission has opened an investigation into whether Google favoured its own online display advertising technology services (ad-tech) to the detriment of other providers, a statement published in June 2021 reads. The European Commission fined Google a record-breaking €2.42 billion for promoting its own shopping services at the detriment of fair competition to other providers, which it described as "an illegal advantage".

Show Full Article
TAGS:GoogleEuropean UnionAnti trust caseFineIntel
Next Story