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July 21, 2009

Intel appeals against EU antitrust fine

Challenges the decision as a violation of its human rights

By CBR Staff Writer

Intel has appealed against the $1.45 billion fine levied by the European Union on the grounds of antitrust violations. The appeal was filed in the European Court of First Instance in Luxembourg.

The charges alleged that Intel was involved in secretly providing discounts to computer manufacturers who limited themselves to use more of its chips. According to the allegation, the move was supposed to be a part of its marketing tactics to dominate the chip market and beat its major rival AMD.

As a result, the European commission charged the company with a fine of $1.45 billion and ordered it to reform its marketing practices. A spokesperson of Intel has said that the decision was against its human rights.

Reportedly, the company has denied the allegations saying that the chip market is highly competitive and it has never pressurised any manufacturer. Moreover, Intel said that the commission has not considered any other evidence that was available into account.

Intel reported a second quarter loss of $398m due to the $1.45 billion fine paid during the quarter.

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