EU proceedings – Intel avoids billions in fines – Economy

Intel has won a court victory in its fight against a billion-dollar antitrust fine in the European Union. The second-highest European court on Wednesday waived the fine of 1.06 billion euros imposed on the US chip manufacturer by the European antitrust authorities twelve years ago. The EU Commission said it would review the verdict and consider possible further steps. She fined Intel in 2009, accusing the company of granting rebates to computer makers Dell, Hewlett-Packard and Lenovo to thwart rival Advanced Micro Devices. Assimakis Komninos of the law firm White & Case said the ruling will make the work of supervisors more difficult. “This is a tremendous victory for Intel,” said the attorney.

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