Intel Corp. attacked the European Commission for being unfair in a probe that led to a record $1.2 billion fine.
The key issue in the investigation was loyalty rebates to lower retail prices, Daniel Beard, a lawyer for Intel, told the European Union’s Court of Justice in Luxembourg on Tuesday. But the European Commission failed to analyze “all relevant circumstances” to see if the rebates shut out rivals, he said.
The world’s biggest chipmaker is making a final attempt to overturn the penalty doled out in 2009 for unfairly squeezing out Advanced Micro Devices Inc. No date for a ruling has been set.
Two years ago, the EU General Court rejected Intel’s first appeal. That ruling was a timely boost to the Brussels-based European Commission, which is embroiled in lengthy probes of search engine giant Google and chip designer Qualcomm Inc. Regulators say Google gave financial incentives to telecommunications operators and phone makers that install its search app. They also allege Qualcomm paid a smartphone and tablet manufacturer to mostly use its chips.
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
DOJ and FTC Introduce Website for Reporting Anti-Competitive Healthcare Practices
Apr 18, 2024 by
CPI
US Congress Advances Legislation to Compel TikTok Sale
Apr 18, 2024 by
CPI
UK Financial Sector Advocates Enhanced Regulatory Accountability
Apr 18, 2024 by
CPI
Google and All 50 States Defend $700 Million Consumer Settlement
Apr 18, 2024 by
CPI
Colorado Enacts First Law to Protect Consumer Brainwave Data
Apr 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI