EU COURT SIDES WITH INTEL IN APPEAL

A European court announced Wednesday that it overturned a $1.2 billion fine on Intel, which the European Union had imposed on the semiconductor chip manufacturer in 2009 over alleged violations of antitrust laws.

The European Commission, the executive branch of the EU, accused Intel of abusing its position as a global leader for x86 computer microprocessors and excluding competitors from the market, stretching from October 2002 to December 2007.

The EU alleged that Intel granted rebates to four equipment manufacturers, including Dell and Lenovo, which were conditional on the purchasing of microprocessors from Intel.

But the General Court of the European Union found the EU’s claims of anticompetitive behavior from Intel “incomplete,” according to a release.