Intel Just Asked the EU For $624 Million To Pay It Back For Overturned Anti-AMD Fine

Intel is seeking to be paid interest of $624 million on the overturned $1.1 billion fine it received from the European Commission back in 2009. From a report: The antitrust ruling was overturned at the beginning of the year, and so Intel has gone to EU General Court seeking compensation and interest on the fine. In fact, Intel is claiming back almost half of that original fine, based on the European Central Bank's refinancing rates. In case you need a reminder on all of this: Intel allegedly took part in anti-competitive practices that saw it offer conditional rebates to key OEMs such as Dell, HP, and Lenovo, making it difficult for competitors (read AMD, or ARM if you prefer, but really AMD) to compete with their own CPUs. The European Commission concluded in 2009 that Intel had indeed behaved in such a way between October 2002 and December 2007 and hit it with one of the largest ever fines at the time at a cool $1.1 billion. Intel appealed the decision unsuccessfully in 2012, but in 2014 it brought the case to the European Court of Justice, which sent it back to the General Court in 2017. The case has been going back and fourth ever since.

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