The general court of the european union has significantly reduced intel’s antitrust fine, lowering it from the previously imposed €376 million to €237.1 million ($438 million to $276 million. General court of the european union rejected intel corp.'s appeal against a €376.4 million eu antitrust fine but reduced the fine to €237.1 million. The lower court of the court of justice of the eu (cjeu) upheld a fine on us chipmaker intel on wednesday for abuse of its dominant position but reduced the penalty from €376 million to €237.
The ruling confirms that intel acted to limit competition in the x86 cpu market Judges said a 237 million euro fine is a more appropriate reflection of the gravity and duration of the infringement at issue. Judges reduced the financial penalty by approximately €140 million and set the fine at €237,105,540
The decision, issued in luxembourg, cuts intel’s fine by nearly €140 million (about us$163 million), lowering the total to roughly €237.1 million (us$275 million) While the court affirmed that intel abused its dominance in the x86 cpu market, it concluded that the previous penalty overstated the gravity and duration of the infringements.
