General Court Annuls European Commission's Decision Which Imposes Fine On Intel

The General Court of the European Union, on Wednesday, said it annuls in part the Commission decision imposing a fine of 1.06 billion euros on Intel. The company was fined on 13 May 2009 for having abused its dominant position on the worldwide market for x86 2 processors 3 between October 2002 and December 2007, by implementing a strategy intended to exclude competitors from the market.

Also, the General Court noted that it is not in a position to identify the amount of the fine which relates solely to the naked restrictions. As a result, the General Court has decided to annul in its entirety the article of the contested decision which imposes fine on Intel.

"The analysis carried out by the Commission is incomplete and, in any event, does not make it possible to establish to the requisite legal standard that the rebates at issue were capable of having, or were likely to have, anticompetitive effects, which is why the General Court annuls the decision, in so far as it finds that those practices constitute an abuse within the meaning of Article 102 TFEU," the General Court stated.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration or FDA has urged infant formula manufacturers to import infant formula products to the United States to meet the ongoing severe supply shortage. In order to further increase the availability of infant formula in the country, while protecting the health of infants, the regulator announced a guidance outlining increased flexibilities for the global manufacturers Retail giant Walmart Inc. reported Tuesday a profit for the first quarter of fiscal 2023 that declined 24.8 percent from last year, hurt by lower gross margins and net losses on equity investments. Adjusted earnings per share also missed analysts' expectations, but quarterly revenues topped it. The retailer also cut its earnings guidance for the second quarter and for the full-year 2023. Billionaire and Tesla CEO Elon Musk, who is in deal to acquire Twitter Inc., may seek a lower price for the social media platform as he estimates that there could be at least four times more fake accounts than what the company informed, Reuters reported. It was in late April that Twitter agreed to accept Musk's about $44 billion takeover offer and to become a privately held company.
Follow RTT