EconomyLens.com
No Result
View All Result
Thursday, March 12, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Business

Intel sees record EU fine reduced further

Andrew Murphy by Andrew Murphy
December 10, 2025
in Business
Reading Time: 3 mins read
A A
0
51
SHARES
640
VIEWS
Share on FacebookShare on Twitter

Intel co-chief executive Michelle Johnston Holthaus says the rise of DeepSeek chatbot could signal opportunity to be a disruptive player in the market for chips that power artficial intelligence. ©AFP

Brussels (Belgium) (AFP) – The EU General Court dealt a blow to the European Commission on Wednesday in reducing what was initially a record fine against US chipmaker Intel to 237 million euros ($276 million) — a quarter of the original sum. Brussels imposed an initial 1.06-billion-euro fine on the group in 2009, then a record amount, for abusing its dominant market position between 2002 and 2007 and attempting to drive its only serious competitor, AMD, out of the microprocessor market.

Related

Lufthansa flights axed as pilots walk out

Businessman or politician? Billionaire Czech PM under fire again

BMW profit holds up despite Trump tariffs, China woes

Electric vehicle rethink to cost Honda almost $16 billion

British fintech Revolut gets full UK banking licence

Intel has since engaged in lengthy legal proceedings to have the fine overturned. In 2022, it won its case when the General Court, based in Luxembourg, partially invalidated the penalty and ordered the Commission to reassess the total fine. In September 2023, Brussels set a new amount of 376 million euros. But the US group again appealed.

In the new ruling published Wednesday, the court said it had “substantially upheld the 2023 decision,” but reduced the fine to 237 million euros. The court justified the move citing, firstly, the “relatively limited number of computers” affected by certain restrictions Intel imposed on computer manufacturers such as Acer and Lenovo to hinder AMD. Secondly, it cited a 12-month interval between “some of the anti-competitive practices.”

© 2024 AFP

Tags: antitrustEUsemiconductors
Share20Tweet13Share4Pin5Send
Previous Post

Instagram users given new algorithm controls

Next Post

Stocks mark time ahead of Fed decision

Andrew Murphy

Andrew Murphy

Related Posts

Business

German defence giant Rheinmetall sees business boost from Mideast war

March 11, 2026
Business

Cathay says surcharge to rise as fuel prices jump during Mideast war

March 11, 2026
Business

German defence giant Rheinmetall sees faster growth as Europe rearms

March 11, 2026
Business

Cathay Pacific expects to carry more passengers in 2026

March 11, 2026
Business

‘Stealth hit’ Pokemon game sends Nintendo shares soaring

March 10, 2026
Business

CEO of Brazil’s Nubank on pending US market entry, Trump, AI: interview

March 10, 2026
Next Post

Stocks mark time ahead of Fed decision

Divided US Fed makes third straight rate cut on jobs risks

Divided US Fed makes third straight rate cut, signals higher bar ahead

US stocks rise, dollar retreats as Fed tone less hawkish than feared

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

96

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Middle East war: global economic fallout

March 12, 2026

New Iranian supreme leader calls for defiance, keeps key waterway shut

March 12, 2026

Lufthansa flights axed as pilots walk out

March 12, 2026

US military ‘not ready’ to escort tankers through Hormuz Strait: energy secretary

March 12, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.