The General Court of the European Union has ruled to lower Intel’s (NASDAQ:INTC) antitrust penalty from 376 million euros ($438 million) to 237.1 million euros, though it declined the company’s bid to have the sanction thrown out entirely.
“An amount of 237,105,540 euros is a more appropriate reflection of the gravity and duration of the infringement at issue,” the court in Luxembourg noted in its decision.
The European Commission—responsible for enforcing competition rules across the bloc—had reissued the fine in 2023 after the same court annulled an earlier 1.06 billion-euro penalty dating back to 2009.
The case stemmed from accusations that Intel used unlawful tactics to hinder competitor Advanced Micro Devices (NASDAQ:AMD). Although the court again found that Intel breached EU antitrust law, it concluded that a lower financial penalty more accurately captured the scope of the violation.