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MLex Market Insight

Intel’s epic antitrust clash hits a new milestone; and Autonomy loses Hewlett-Packard fraud case

MLex Market Insight

MLex Market Insight

News

4.99 Ratings

🗓️ 4 February 2022

⏱️ 18 minutes

🧾️ Download transcript

Summary

Intel’s 13-year legal battle against a 1.06 billion euro antitrust fine imposed by the European Commission has hit a significant milestone, with an EU court ruling in the chipmaker’s favor. It was a significant defeat for the European regulator, which had argued that Intel’s chip rebates were anticompetitive. But this doesn’t mean that the clash is over: the Commission may yet appeal the decision in a last-ditch attempt to avoid repaying the fine — plus interest. Also on today’s podcast: Hewlett-Packard wins a multi-billion dollar fraud claim against the founder of software provider Autonomy. But the legal battle for Mike Lynch to avoid extradition to the United States is continuing.

Transcript

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0:00.0

Hello there, it's great to see you again.

0:12.5

This is Emlex's weekly podcast covering the top regulatory stories of the week.

0:18.2

I'm James Panicki from Emlex's Asia-Pacific team, and it's an honor to be in

0:23.4

your feed once again. Now, Hewlett-Packard is no doubt a brand name that you're familiar with. Well,

0:29.8

the US-based information technology company has won a multi-billion dollar damages claim against

0:35.8

the founder and the former chief financial officer

0:38.5

of UK software provider autonomy. It's a fascinating tale of inflated value, an acquisition worth

0:46.4

$11.1 billion US dollars, and a former executives fight to avoid deportation to the United States.

0:54.0

It's got it all, and Martin

0:55.8

Coyle will give us a blow-by-blow account of what happened in court in just under 10 minutes

1:01.5

from now. First up, though, the seemingly never-ending saga of Intel's battle against a

1:08.2

$1.06 billion-euro antitrust fine imposed by the European Commission.

1:14.6

Yes, that's the one that started some 13 years ago. Well, we might be close to the end of the case,

1:21.8

with an EU court ruling in favour of the US-based semiconductor chip manufacturer.

1:30.3

But is it really over, I hear you ask? Well, not quite. Lewis Crofts is Emlex's editor-in-chief. He's been covering this issue almost

1:36.3

since it all began, and he joins me now from Brussels. So, Lewis, I mean, this case started back in the year 2000, so I suppose you could just start

1:47.8

by reminding me why it is that we're still talking about it.

1:51.4

Good question, James.

1:52.9

You know, I was still singing soprano in short trousers when this case started.

1:58.3

And now after, so it started with year 2000 when there was a complaint by AMD, which makes

2:05.0

chips against Intel, the world's biggest chip maker.

2:09.0

So it was at the time.

...

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