Tech
Intel spars with EU regulators over $421 million antitrust fine
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US chipmaker Intel on Friday sparred with EU antitrust regulators over a €376 million ($421.4 million) fine levied nearly two years ago for excluding rivals from the market, arguing that it was disproportionate and unfair.
The case dated to 2009 when the European Commission slapped a then-record €1.06 billion fine on Intel for blocking rival Advanced Micro Devices.
The tech giant managed to convince the General Court, Europe’s second-highest, to scrap the penalty in 2022.
Judges however agreed with one part of the Commission’s 2009 decision,…
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