Intel Wants $625 Million in Interest From the EU After Overturned Antitrust Fine

[londiste]

Okay then... I think every government in the world needs to pay me an infinite amount of money as interest for all the fines I didn't pay.

Seriously, this is ridiculous.

Intel did pay it. And EC has now paid it back.

 

[lexluthermiester]

Intel must be hurting for cash to pull such crap like this. Intel being a crybaby here.

I wouldn't go that far. SOP for companies as big as Intel. Win an appeal/case, try to recover costs. Sometimes it works, sometimes it doesn't.

 

[64K]

Intel must be hurting for cash to pull such crap like this. Intel being a crybaby here.

Intel is swimming in cash. They don't need that 625 million dollars.

2021 Revenue 79 billion USD

2021 Profit 20 billion USD

 

[Upgrayedd]

Who?

Gelsinger

 

[R-T-B]

The laws in Europe? Work? Sorry, that made me laugh.

The problem is, there's way too many of them, they're way too restrictive of one's personal freedom, thus they create obscurity and controversy instead of order.

Sounds more like an imagined problem frankly.

 

[R0H1T]

Intel did pay it. And EC has now paid it back.

Intel "deposited" the fine & then contested the ruling. This is normal for such types of cases.

 

[DeathtoGnomes]

I wouldn't go that far. SOP for companies as big as Intel. Win an appeal/case, try to recover costs. Sometimes it works, sometimes it doesn't.

Yea but I expect Intel is gonna lose their ass on the dGPU front, so they maybe did this for losses there.

Intel is swimming in cash. They don't need that 625 million dollars.

2021 Revenue 79 billion USD

2021 Profit 20 billion USD

I didnt read the Intel yearly report, but revenue and profit do not always mean there is cash on hand, call it petty cash even, i agree they dont need the $625m but their front pockets might be empty.

 

[Why_Me]

Intel "deposited" the fine & then contested the ruling. This is normal for such types of cases.

This ^^ .. but some people on this thread don't get it.

 

[londiste]

Intel "deposited" the fine & then contested the ruling. This is normal for such types of cases.

True. But so is asking interest to be paid on the money stuck in deposit.

 

[lexluthermiester]

Gelsinger

Ah ok.. The "Patty" threw me off..

Yea but I expect Intel is gonna lose their ass on the dGPU front

That's possible but I think they have something worth betting on, even if it doesn't hit the same heights as the high end NVidia and AMD offerings. It'll take them time to get up to full speed. However...

so they maybe did this for losses there.

...I don't believe these two situations are related.

 

[AusWolf]

That's possible but I think they have something worth betting on, eveny if it doesn't hit the same heights as the high end NVidia and AMD offerings. It'll take them time to get up to full speed.

As far as I know, Intel, AMD and Nvidia usually work 2-3 generations ahead. Intel already has not only the Alchemist, but also Battlemage and God knows what lines planned. I wouldn't be surprised if the first generation was only a test to iron out any teething issues, kind of the same way first generation RDNA was for AMD. Nobody likes the 5700 XT for what it is, but everybody loves it for paving the way for the 6000 series.

 

[DeathtoGnomes]

Ah ok.. The "Patty" threw me off..


That's possible but I think they have something worth betting on, even if it doesn't hit the same heights as the high end NVidia and AMD offerings. It'll take them time to get up to full speed. However...

...I don't believe these two situations are related.

From this chair, it may look like they are not, but without actually looking at the books, if the lawsuit is successful, we left with speculation as to why they need it other than to please shareholders.