EU court rejects Intel's €1bn EU antitrust fine
Europe's second-highest court backed on Thursday a record €1.06bn fine levied on U.S. chipmaker Intel (INTC.O) by European Union antitrust regulators five years ago for blocking rival Advanced Micro Devices (AMD.N).
"The General Court upholds the fine of €1.06bn imposed on Intel for having abused its dominant position on the market for x86 central processing units between 2002 and 2007," judges wrote in their ruling.
The European Commission in its 2009 decision said Intel tried to thwart AMD by giving rebates to PC makers Dell, Hewlett-Packard Co (HPQ.N), Japan's NEC (6701.T) and Lenovo (0992.HK) for buying most of their computer chips from Intel.
The EU competition authority said Intel also paid German retail chain Media Saturn Holding to stock only computers with its chips.