Intel says to appeal against EU antitrust fine

BRUSSELS, May 13 (Reuters) - Intel , the world's largest chipmaker, said on Wednesday it plans to appeal at Europe's Court of First Instance against a European Commission finding that it abused its dominant market position.

"Intel takes exception to this decision. We believe the decision is wrong and ignores the reality of a highly competitive microprocessor market," Intel President and CEO Paul Otellini said in a statement.

"There has been absolutely zero harm to consumers. Intel will appeal," he added.

The European Commission fined Intel a record 1.06 billion euros ($1.45 billion) on Wednesday and ordered it to halt illegal rebates to computer makers aimed at restricting their use of chips from Advanced Micro Devices . [ID:nLD471703]

The fine is the biggest the Commission has imposed on a company for an abuse of market dominance.