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Court rejects $1.2 billion EU antitrust fine against Intel -Breaking

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© Reuters. FILEPHOTO: A display of the Intel Corporation logo in Manhattan, New York City USA, 24/11/2021 REUTERS/Andrew Kelly/File Photograph GLOBAL WEEK Ahead

BRUSSELS. (Reuters). Europe’s second top court has rejected a 1.06 million euro ($1.2 billion EU antitrust fine) handed out to Intel, a U.S. chipmaker twelve years ago. The decision was made in response to Intel trying to extract a competition.

The General Court stated that “The (European) Commission’s) analysis was incomplete” and did not allow it to be established to the legal standard that rebates in question were likely or capable of having anticompetitive effects.

Judges canceled in full the article in dispute decision that imposes on Intel an amount of 1.06 billion Euros for the violation found.

This court had upheld the 2009 Commission decision in 2014. However, it was then instructed by the EU Court of Justice in 2017, Europe’s most powerful, to review Intel’s appeal.

T-286/09 P Intel Corporation v Commission

($1 = 0.8861 euros)

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