View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
September 4, 2017updated 25 Jul 2022 3:08am

Intel takes on EU over billion euro antitrust fine

If Intel emerge successful following Wednesday's decision, other tech giants may look to be more defiant in the face of EU fines.

By Tom Ball

A one billion euro antitrust fine from the EU against Intel is set to be reviewed by the European Court of Justice this week, as tech giants including Google and Apple continue to come under fire.

The billion euro fine against Intel was issued in 2009 under the accusation of using its position to suppress competition in the computer chip market, mirroring the tone of a recent competition related fine against Google.

The final decision on the review will reverberate around the world as its details guide regulators, and influence ongoing investigations.

When the EU first issued the major fine in 2009 following a long investigation, Intel stood in defiance to the ruling, leading to an appeal against it in 2014 that was refused.

In the event that Wednesday’s result goes in Intel’s favour, the company will have succeeded in taking on the EU and coming up trumps, perhaps influencing the approach of other tech giants that have come under legal fire from the EU.

In 2016, Google was slammed by a £2.23 billion fine that took the record from the one incurred by Intel in 2009, under the accusation of using its search engine dominance to boost its own shopping offering.

Having had to pay the tremendous fine, the EU also ruled that Google must issue a plan of how it intended to become compliant with EU rules. In addition to the fine, a deadline of the 28th of September was put in place by which Google had to become compliant.

Content from our partners
Why the tech sector must embrace faster, smarter talent recruitment
Sherif Tawfik: The Middle East and Africa are ready to lead on the climate
What to look for in a modern ERP system
READ MORE: Google outlines plans for EU compliance following £2bn fine

Since the issuing of the fine and the deadline warning, Google has made moves to deliver a plan of how it intends to become compliant with EU rules.

The severity of this fine impacted the share price of Google’s parent company, Alphabet, prompting a three per cent fall, despite otherwise very strong financial results.

Topics in this article : , , , , ,
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU