Intel loses court challenge against $1.4B E.U. fine

Jun 12, 2014, 7:57 AM EDT
The Intel logo is displayed outside of the Intel headquarters on January 16, 2014 in Santa Clara, California.
AFP/Getty Images

U.S. chipmaker Intel lost on Thursday its challenge against a record 1.06 billion euro ($1.44 billion) European Union fine handed down five years ago, as Europe's second highest court said regulators did not act too harshly. The European Commission in its 2009 decision said Intel tried to thwart rival Advanced Micro Devices (AMD) by giving rebates to PC makers Dell, Hewlett-Packard Co, NEC and Lenovo for buying most of their computer chips from Intel.
Intel loses court challenge against $1.4 billion E.U. fine [Reuters]
European Court upholds $1.44 billion fine against Intel [NYT]