Intel loses against the EU – fine of €1.06 Billion

Five years ago the European Union slapped Intel with the fine and on Thursday, the judges at the General Court backed that decision:

They released a statement which was close to 300 pages:

“The Commission demonstrated to the requisite legal standard that Intel attempted to conceal the anti-competitive nature of its practices and implemented a long term comprehensive strategy to foreclose AMD from the strategically most important sales channels.”

“The General Court considers that none of the arguments raised by Intel supports the conclusion that the fine imposed is disproportionate. On the contrary, it must be considered that that fine is appropriate in the light of the facts of the case.”

Intel can continue to fight the fine, the next step would be the Court of Justice of the European Union.

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