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Intel gets $536 million in interest from 1.06 billion euro EU antitrust fine
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Intel gets $536 million in interest from 1.06 billion euro EU antitrust fine
Jan 31, 2025 10:00 AM

BRUSSELS, Jan 31 (Reuters) - U.S. chipmaker Intel ( INTC )

has received 515.55 million euros ($536 million) in

default interest from EU antitrust regulators related to a 1.06

billion euro fine levied in 2009, EU antitrust chief Teresa

Ribera has told EU lawmakers.

Intel ( INTC ) sued the European Commission for 593 million euros in

2022 after convincing Europe's second-top court to scrap the

fine.

Companies are increasingly turning to the courts to get the

EU executive to pay default interest on reimbursed fines in

annulled antitrust cases.

"The Commission paid Intel ( INTC ) on 6 November 2024 the

appropriate interest compensation of 515 547 908.15 euros,"

Ribera told a European Parliament lawmaker in a written comment.

While the court dismissed the bulk of the commission's

decision, it backed the regulator's finding against Intel's ( INTC )

payments to HP, Acer and Lenovo ( LNVGF ) to

halt or delay rival products, which resulted in another EU fine

of 376 million euros to the company in 2023.

($1 = 0.9617 euros)

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