financetom
Business
financetom
/
Business
/
Europe's top court rules for Intel in long-running antitrust case
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Europe's top court rules for Intel in long-running antitrust case
Oct 31, 2024 9:35 PM

(Changes dateline to Oct. 24 from Oct. 23)

BRUSSELS (Reuters) -EU Court of Justice, Europe's top court, ruled in favour of Intel ( INTC ), ending a nearly two decade-long fight between the U.S. chipmaker and EU regulators who had said it had tried to thwart a rival.

The European Commission had fined Intel ( INTC ) for giving rebates to computer makers Dell, Hewlett-Packard Co, NEC and Lenovo ( LNVGF ), for buying most of their chips from Intel ( INTC ), which regulators said was an attempt to block Advanced Micro Devices.

Regulators generally oppose rebates offered by dominant companies because they fear they may be anticompetitive, while companies say enforcers must prove discounts have anticompetitive effects before companies are sanctioned.

($1 = 0.9285 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2025 - www.financetom.com All Rights Reserved