Intel loses appeal against record 1.06bn euro fineJune 12, 2014 - 16:22 AMT PanARMENIAN.Net - Chip giant Intel has lost a challenge against a record 1.06bn euro ($1.44bn) European fine for anti-competitive practices, as judges at the Luxembourg-based General Court backed a 2009 European Commission decision that Intel had blocked rival Advanced Micro Devices, according to BBC News. Intel said it was "very disappointed" with the decision. The company can appeal to Court of Justice of the European Union, but only on points of law. In 2009 the European Commission found that between 2002 and 2007, Intel gave rebates to PC makers Dell, Hewlett-Packard Co, Japan's NEC and Lenovo to favor its chips over those of Advanced Micro Devices (AMD). The EU competition authority said Intel also paid German retail chain Media Saturn Holding to stock only computers with its chips. The General Court judges said that the Commission had been right to impose its fine. "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 court said. "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," the judges said. Intel said it would evaluate the ruling. "We are very disappointed with the decision," the firm said. "This is a complex case and the decision reflects that. We have begun the process of evaluating the court's judgment." Photo: Phandroid Related links: Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Armenia, Russia discuss life extension of Metsamor nuclear plant Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |