The European Union's top antitrust regulator made errors of fact in its charge sheet against Intel (INTC.O: Quote, Profile, Research), the chipmaker's general counsel said on Friday. The European Commission has alleged Intel tried to use its huge market share to push smaller rival Advanced Micro Devices (AMD.N: Quote, Profile, Research) out of the central processing unit (CPU) business.
It sent the company a statement of objections, or SO, in a move that could lead to fines of as much as 10 percent of Intel's annual turnover.
"I can tell you that having read the SO there are factual assumptions which have been made which we think the Commission has simply gotten wrong -- not intentionally," general counsel Bruce Sewell told Reuters from California.
Sewell said there were assumptions about pricing and manufacturing costs "which the Commission has simply misunderstood".
The Commission had in some areas indicated it lacked an adequate record to go on and therefore made assumptions, he said.
Source: reuters.com
Tags: Advanced Micro Devices | Antitrust | Bruce Sewell | brussels | Business | California | chipmaker | commission | Errors | European Union | FINES | intel | processing | regulator | turnover
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