Intel Prevails in EU Antitrust Battle, $1.1 Billion Fine Overturned
The EU Court of Justice upheld a lower court's decision, nullifying the hefty fine over Intel's alleged anticompetitive rebates, while a separate penalty remains contested.
- The European Court of Justice ruled in favor of Intel, annulling a €1.06 billion fine imposed in 2009 for alleged anticompetitive practices.
- The court found insufficient evidence that Intel's rebates to PC makers, aimed at excluding AMD, were harmful to competition.
- The ruling supports a 2022 decision by the General Court that criticized the European Commission's economic analysis of Intel's practices.
- While Intel succeeded in overturning the major fine, a separate €376 million penalty related to 'naked restrictions' remains under appeal.
- Intel's legal victory comes as the company faces challenges in the semiconductor market, with ongoing appeals and strategic shifts in production.
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