European court backs €1.06 fine against Intel

|About: Intel Corporation (INTC)|By:, SA News Editor

Europe's second-highest court has upheld a €1.06B ($1.44B) fine levied in 2009 on Intel (INTC) by the EU's antitrust regulators.

Intel was accused five years ago of blocking AMD's (AMD) market share by giving rebates to PC makers. The result led them to buy most of their computer chips from Intel.

The company can still appeal the case to Europe’s highest court, the European Court of Justice.