Intel last year convinced Europe's second-top court to scrap
the fine handed out by the European Commission in 2009 for giving rebates to
four computer makers to buy most of their chips from the company and not from
rival Advanced Micro Devices.
"The General Court's January 2022 decision did not
annul the EC's 2009 finding that Intel made payments to prevent sales of
specific rival products, and in January 2023 the EC reopened its administrative
procedure to determine a fine against Intel based on that alleged
conduct," the company said in a January 26 filing.
"Given the procedural posture and the nature of this
proceeding, we are unable to make a reasonable estimate of the potential loss
or range of losses, if any, that might arise from this matter," it said.
Companies risk fines up to 10 percent of their global
turnover for EU antitrust breaches.
Recently, Intel announced broad cuts to employee and
executive pay after posting a lower-than-expected sales forecast driven by a
loss of market share to rivals and a PC market downturn. The base pay of
mid-level employees will be cut by 5 percent, whereas Chief Executive Pat
Gelsinger will take a 25 percent salary cut.
However, the company mentioned that there will be no salary
cut on the company's hourly workforce's pay, said a person familiar with the
matter who was not authorised to speak publicly.
Intel spokesperson Addy Burr said in a statement that the
"changes are designed to impact our executive population more
significantly and will help support the investments and overall
workforce." © Reuters