LUXEMBOURG (Reuters) – Intel on Tuesday said EU antitrust regulators got it wrong when they fined the chipmaker 1.06 billion euros ($1.2 billion) more than a decade ago for thwarting a British rival in a case that could affect Google and Qualcomm.
FILE PHOTO: U.S. chipmaker Intel Corp’s logo is seen on their “smart building” in Petah Tikva, near Tel Aviv, Israel December 15, 2019. Picture taken December 15, 2019. REUTERS/Amir Cohen/File Photo
The U.S. company set out its arguments at the General Court in a re-hearing of a case seen as testing the European Commission’s power to go after U.S. tech giants which offer incentives such as rebates to lure customers from competitors.
EU antitrust enforcers in 2009 said Intel tried to block Advanced Micro Devices by giving rebates to computer makers Dell [DI.UL], Hewlett-Packard Co, NEC and Lenovo for buying most of their chips from Intel.
The General Court is hearing the case for the second time after the EU Court of Justice (CJEU),…
Source Reuters Tech News