After an 8-year investigation, the European Union nailed Intel with a record-setting $1.45 billion fine this past May, finding the chip maker guilty of anticompetitive practices. As was expected, Intel has filed an appeal with Europe's second highest court, the Luxembourg-based Court of First Instance.
"We believe the European Commission misinterpreted some evidence and ignored other pieces of evidence," Intel spokesman Robert Manetta said .
The $1.45 billion fine ranks as the highest ever imposed by the EU to a company, which represents 4.15 percent of Intel's 2008 turnover. Even worse (for Intel), some analysts say the Commission's finding could lead to its U.S. counterparts also taking legal action against the chip maker.
Image Credit: Flickr Joe Gratz