Intel Appeals EU Ruling, Seeks Further Fine Reduction

Moz Farooque

Fri, May 16, 2025, 5:03 PM 1 min read

Intel (NASDAQ:INTC) is pushing backmost hard against a proposed 376 million EU antitrust fine, arguing the European Commission has overstated the scope of its 20022006 conduct.

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The Commission archetypal fined Intel 1.1 cardinal successful 2009 for allegedly paying HP (NYSE:HPQ), Acer (ACEYY) and Lenovo (LNVGY) to sideline rival AMD (NASDAQ:AMD) chips, and portion Intel won a partial simplification successful 2022, today's entreaty hearings absorption connected whether those agreements genuinely formed an wide strategy to artifact competitors.

During Friday's session, Intel lawyer Daniel Beard told the General Court that the Commission cannot dainty isolated pricing practices and handset incentives arsenic as weighty oregon cumulatively strategic, and that the narrower bare restrictions should not transportation the aforesaid punishment heft. Intel maintains its payments to OEMs addressed circumstantial merchandise launches alternatively than a broad marketplace foreclosure, and it is assured that judges volition further trim the liability oregon overturn the good entirely.

Why It Matters: A last ruling could reshape EU tech-sector enforcement and region a looming multi-hundred-million-dollar overhang connected Intel's valuation.

Investors volition beryllium watching the court's decision, expected successful the coming months, for clues connected regulatory hazard and immoderate interaction connected Intel's currency reserves.

This nonfiction archetypal appeared connected GuruFocus.