Intel heads to court to appeal record EU antitrust fine
Intel has begun an appeal against its record antitrust fine, calling the evidence against it "profoundly inadequate."
The fine was levied by EU antitrust regulators in 2009, after Intel was found to have engaged in anticompetitive behavior in order to hinder rival Advanced Micro Devices through the use of rebates and contract conditions.
After an eight-year investigation, Intel was fined a record $1.06 billion in 2009, or more than 4.1 percent of Intel's 2008 turnover. The fine, the largest ever levied by the EU against a company, currently stands at $1.34 billion due to … Read more