TECH - Intel Gains Ground in EU Antitrust Case with Court Backing Against Billion-Euro Fine | Benzinga
Intel Corp (NASDAQ:INTC) has gained another advantage in its ongoing legal battle with EU regulators over a record €1.06 billion antitrust fine.
Advocate General Laila Medina of the EU’s Court of Justice stated in her non-binding opinion that the regulator’s effort to overturn Intel’s lower court victory should fail because they failed to prove Intel abused its dominant position in the PC chip market to hinder rivals.
This opinion aligns with a surprising 2022 ruling that annulled a 2009 European Commission decision, which accused Intel of illegal rebates to PC makers to edge out Advanced Micro Devices Inc (NASDAQ:AMD), Bloomberg reports.
The European Commission, facing its first significant antitrust case loss in over two decades, appealed, arguing the General Court’s judgment was flawed.
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