Intel receives $536 million from EU after overturning antitrust fine
timesofindia.indiatimes.com — February 3, 2025, 09:00 PM UTC
Intel has received €515.55 million ($536 million) in default interest from the European Union after a 2009 antitrust fine was overturned. This payment follows Intel's successful appeal against the original €1.06 billion fine. In 2023, the EU imposed a new fine of €376 million ($386 million) on Intel for anti-competitive practices involving payments to major computer manufacturers. The recent developments highlight a trend of companies seeking compensation from the EU in similar cases. The European Court upheld the annulment of Intel's fine in October 2024, concluding a nearly 20-year legal battle. Intel expressed satisfaction with the court's decision, marking a significant resolution in the case.