Intel sues European Commission for €500 million in compensation

Published by

US chipmaker Intel is suing the European Commission for more than €500 million ($525.2 million) in compensation for a fine that was unfairly imposed, according to an EU competition court, an official journal revealed on Monday. In January, the EU court annulled a 2009 fine of €1.06 billion imposed on Intel, the EU’s Official Journal said. Intel had provisionally paid the fine, then received it back in February. The company now seeks default interest on the sum. The European Commission accused Intel of trying to force competitors out of the market illegally. Intel’s claim for damages was filed …

Read More

Leave a Reply