Europe’s top court rules for Intel to end long-running antitrust case

Date:

BRUSSELS (Reuters) – The EU Court of Justice, Europe’s top court, ruled on Thursday in favour of Intel, ending a nearly two-decade-long fight between the U.S. chipmaker and EU regulators who had said it had tried to thwart a rival.

“The Court of Justice dismisses the Commission’s appeal, thereby upholding the judgment of the General Court,” the court said.

The European Commission had fined Intel for giving rebates to computer makers Dell, Hewlett-Packard Co, NEC and Lenovo for buying most of their chips from Intel, which regulators said was an attempt to block Advanced Micro Devices.

Regulators generally oppose rebates offered by dominant companies because they fear they may be anticompetitive, while companies say enforcers must prove discounts have anticompetitive effects before companies are sanctioned.

EU regulators had initially fined Intel 1.06 billion euros ($1.14 billion) but a lower tribunal scrapped that.

Intel’s case was boosted earlier this year when an adviser to the court said regulators had not properly performed an economic analysis.

($1 = 0.9285 euros)

(Reporting by Makini Brice; editing by Charlotte Van Campenhout and Jason Neely)

Share post:

Popular

More like this
Related

Duke Basketball Pelicans: Zion Williamson Sits, Brandon Ingram Soars

Zion Williamson entered the 2024-25 NBA regular season with...

The Champions League’s new table explained

Welcome to the Champions League's new 36-team league table.It...

Cooper Kupp won’t be only familiar face returning when Rams play host to Vikings

Vikings coach Kevin O’Connell served as the Rams’ offensive...

Schauffele ‘an idiot’ after tree root bogey farce

Zozo Championship first round leaderboard:-7 T Moore (US); -6...