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The
EU’s Court of Justice upheld the decision to annul the fine
issued more than a decade ago, dismissing an appeal from the
European Commission, the 27-nation bloc's top antitrust
enforcer.
The court said it “rejects all of the grounds of appeal raised
by the Commission," according to a press release summarizing the
decision.
Intel said in a statement that it’s “pleased with the judgment
delivered by the Court of Justice of the European Union today
and to finally put this part of the case behind us.”
The case dates back to 2009, when the Commission slapped Intel
with a 1.06 billion euro fine ($1.14 billion at current exchange
rates) for allegedly using illegal sales tactics to shut out
smaller rival AMD. The Commission accused Intel of abusing its
dominant position in the global market for x86 microprocessors
with a strategy to exclude rivals by using rebates.
Intel scored a surprise win in 2022 when the EU's General Court
overturned the penalty, the decision that the Court of Justice
backed on Thursday.
The latest decision is still not the end of the road for the
case, because the company is battling a separate 376.4
million-euro ($406.6 million) fine that Brussels imposed last
year targeting some Intel sales restrictions that the General
Court found were unlawful in its 2022 ruling.
Shares of Intel Corp., based in Santa Clara, California, rose
slightly before the opening bell Thursday.
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