Intel spars with EU regulators over $421.4 million antitrust fine


FILE PHOTO: The Intel Corporation logo is seen at a temporary office during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022. REUTERS/Arnd Wiegmann/File photo

LUXEMBOURG (Reuters) - U.S. chipmaker Intel on Friday sparred with EU antitrust regulators over a 376 million euro ($421.4 million) fine levied nearly two years ago for excluding rivals from the market, arguing that it was disproportionate and unfair.

The case dated to 2009 when the European Commission slapped a then-record 1.06 billion euro fine on Intel for blocking rival Advanced Micro Devices.

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