Tweet
Link....
Intel appeals billion euro fine
Claims European executive 'misinterpreted' evidence
Chipzilla has appealed against a record €1.06bn ($1.5bn) fine imposed on it by the European Commission in May.
"We believe the European Commission misinterpreted some evidence and ignored other pieces of evidence," Intel spokesman Robert Manetta told Reuters today.
The US chip maker filed the appeal with the Luxembourg-based Court of First Instance, which is Europe's second highest court.
Intel was slapped with the hefty fine following an eight-year long probe into the company's business practices.
The EC, which is the executive arm of the European Union, found Intel guilty of anti-competitive behaviour and fined it over a billion euros in May.
The Commission has ordered the chip giant to refrain from any equivalent practices in the future. It ruled the firm damaged competition by excluding rival AMD from markets.
Claims European executive 'misinterpreted' evidence
Chipzilla has appealed against a record €1.06bn ($1.5bn) fine imposed on it by the European Commission in May.
"We believe the European Commission misinterpreted some evidence and ignored other pieces of evidence," Intel spokesman Robert Manetta told Reuters today.
The US chip maker filed the appeal with the Luxembourg-based Court of First Instance, which is Europe's second highest court.
Intel was slapped with the hefty fine following an eight-year long probe into the company's business practices.
The EC, which is the executive arm of the European Union, found Intel guilty of anti-competitive behaviour and fined it over a billion euros in May.
The Commission has ordered the chip giant to refrain from any equivalent practices in the future. It ruled the firm damaged competition by excluding rival AMD from markets.