On Wednesday (local time), American chip giant Intel's attempt to contest an EU antitrust decision fell short. However, the financial penalty it faced was significantly reduced by around 140 million euros (roughly equivalent to 1.151 billion yuan). In 2023, the European Commission concluded that Intel had misused its dominant market position in the chip sector, resulting in a 376-million-euro fine. This punishment was based on Intel's payments to companies like Hewlett-Packard from November 2002 to December 2006, aiming to block rival products from entering the market. Previously, the EU General Court had overturned a 2009 ruling that fined Intel 1.06 billion euros. This time around, the court upheld the European Commission's stance on Intel's misconduct but revised the fine down to 237 million euros. The adjustment took into account the relatively small number of computers impacted and a 12-month hiatus in some of the anti-competitive behaviors. This revised amount more accurately mirrors the gravity and duration of Intel's infringing actions. Both the European Commission and Intel retain the right to appeal to the EU's highest court on matters of law.
