Latest in Business

Image credit: jejim via Getty Images

Intel escapes €1.06bn antitrust fine... for the time being

In a victory for Silicon Valley, the case is set to be re-examined.
193 Shares
Share
Tweet
Share
Save

Sponsored Links

jejim via Getty Images

The highest court in the European Union has ordered a €1.06 billion ($1.4 billion) antitrust fine against Intel be re-examined, heralding a victory for other technology companies currently facing similar investigations from Europe. In 2009, the European Commission found that Intel had "harmed" its rivals by giving incentives to computer makers Dell, Lenovo and HP for using its microprocessor chips instead of those from rival AMD. Intel appealed, but the fine was upheld in 2014.

Now, the ruling from the Court Justice of the European Union (ECJ) will see the case sent back to a lower court, with the ECJ claiming the original court had not properly considered the "efficient competitor test", a technical assessment of how Intel's activity impacted on a rival's ability to compete against it. The verdict means Intel has escaped the original fine for now, although the case could drag on for many more years.

The initial penalty, which represented around 4.15 percent of Intel's 2008 revenues, was record-breaking at the time, but has recently been overtaken by a €2.4 billion ($2.7 billion) penalty against Google in June. In a case similar to Intel's, Google was accused of abusing the dominance of its search engine to promote its own services at the expense of rivals. It's not clear yet if the ECJ's decision will have any impact on this case, or indeed any cases going forward, but it nonetheless represents a victory for American technology companies which claim they are unfairly targeted by European antitrust regulators.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
193 Shares
Share
Tweet
Share
Save

Popular on Engadget

US will reportedly give Huawei another temporary reprieve

US will reportedly give Huawei another temporary reprieve

View
Beto O'Rourke wants to hold internet companies liable for hate speech

Beto O'Rourke wants to hold internet companies liable for hate speech

View
The next Apple Watch may come in titanium and ceramic models

The next Apple Watch may come in titanium and ceramic models

View
Behind the wheel of VW’s electric dune buggy prototype

Behind the wheel of VW’s electric dune buggy prototype

View
The Morning After: The struggles of Formula 1's underdogs

The Morning After: The struggles of Formula 1's underdogs

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr