Intel Corp., the world’s largest maker of microprocessors, said this week that will it will pay the fine imposed by the European Commission in May, it files an official appeal. It remains to be seen whether the EC will attempt to reconsider its decision.
“We felt the EC decision was incorrect, and that evidence was ignored or misinterpreted. We believe the Commission ignored the realities of the microprocessor market, which is highly competitive,” an Intel spokesperson said.
In May the European Commission imposed a fine of €1.06 billion ($1.44 billion) on Intel Corp. for violating EC Treaty antitrust rules on the abuse of a dominant market position by engaging in illegal anticompetitive practices to exclude competitors from the market for x86 central processing units (CPUs).
“We believe the European Commission misinterpreted some evidence and ignored other pieces of evidence,” another Intel official commented.
It is still not clear which evidences have been ignored and which misinterpreted.