Intel wins EU antitrust appeal as court bids to annul $1.2 billion fine

Intel Corp. won a historic victory in its fight in the European Union courts over a record 1.06 billion-euro ($1.2 billion) antitrust fine.

The EU General Court ruled Wednesday that EU regulators made key errors when they slapped Intel with the penalty for allegedly squeezing out rival Advanced Micro Devices Inc.

Judges said the European Commission provided an “incomplete” analysis when they fined the chip giant, saying the decision at the time “does not make it possible to establish to the requisite legal standard that the rebates at issue were capable of having, or likely to have, anti-competitive effects.”

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