In 2009, Intel was penalized by the European Commission with a $1.2 billion fine for achieving an unfair market advantage against AMD when it provided rebates to manufacturers in exchange for purchasing 95 percent of chips for their computers from Intel. Additionally, the remaining 5 percent from AMD were said to have had "restrictive conditions" imposed on them by Intel.
Intel appealed the ruling two years ago, which was rejected; now it's making a final attempt. Intel lawyer Daniel Beard says the Commission did not analyze "all relevant circumstances" to definitively determine whether the rebates in question did indeed shut out AMD.
Meanwhile, the Commission's lawyer Nicholas Khan maintains the position that Intel intended to "[marginalize] or even [eliminate] its only competitor."
No date for a ruling has been set.
Intel's total equity as of 2015 sits at $61.085 billion; AMD's sits at -$503 million as of 2016.
Last updated: Jun 22, 2016 at 09:58 am CDT
- Apple conspired with wholesalers & got slapped with $1.2 billion fine
- Intel multi-GPU tech: if done right, could hurt AMD and NVIDIA
- R.E.M.'s 'It's The End Of The World As We Know It' is back on charts
- Intel struggles continue to ryze: Samsung to help Intel make CPUs
- Intel cancels 10nm on desktop, 14nm to hold out until 2022?!
- > NEXT STORY: Safeguard your phone's data with G Cloud Unlimited
- < PREVIOUS STORY: MSI responds to its GTX 1080s sent to the press with a modified BIOS