Intel scores fresh win against EU after top court backs annulment of billion-euro antitrust fine

Chipmaker Intel has won a caller triumph successful a long-running conflict against European Union title watchdogs aft nan bloc’s apical tribunal confirmed a little tribunal’s determination to overturn a billion-euro antitrust penalty

LONDON -- Chipmaker Intel won a caller triumph Thursday successful a long-running battle pinch European Union title watchdogs aft nan bloc's apical tribunal confirmed a little tribunal's determination to overturn a billion-euro antitrust penalty.

The EU’s Court of Justice upheld nan determination to annul nan good issued much than a decade ago, dismissing an entreaty from nan European Commission, nan 27-nation bloc's apical antitrust enforcer.

The tribunal said it “rejects each of nan grounds of entreaty raised by nan Commission," according to a property merchandise summarizing nan decision.

Intel said successful a connection that it’s “pleased pinch nan judgement delivered by nan Court of Justice of nan European Union coming and to yet put this portion of nan lawsuit down us.”

The lawsuit dates backmost to 2009, erstwhile nan Commission slapped Intel pinch a 1.06 cardinal euro good ($1.14 cardinal astatine existent speech rates) for allegedly utilizing forbidden income strategies to unopen retired smaller rival AMD. The Commission accused Intel of abusing its ascendant position successful nan world marketplace for x86 microprocessors pinch a strategy to exclude rivals by utilizing rebates.

Intel scored a astonishment triumph successful 2022 erstwhile nan EU's General Court overturned nan penalty, nan determination that nan Court of Justice backed connected Thursday.

The latest determination is still not nan extremity of nan roadworthy for nan case, because nan institution is battling a abstracted 376.4 million-euro ($406.6 million) good that Brussels imposed past twelvemonth targeting immoderate Intel income restrictions that nan General Court recovered were unlawful successful its 2022 ruling.

Shares of Intel Corp., based successful Santa Clara, California, roseate somewhat earlier nan opening doorbell Thursday.