Intel fails to get EU antitrust ruling overturned in longstanding 16-year AMD competition case — chipmaker sees $1.2 billion fine reduced to $278 million

Intel has lost its appeal to overturn an EU antitrust ruling, resulting in a reduced fine of $278 million from an initial $1.2 billion. The case dates back to the early 2000s when Intel was accused of anti-competitive practices against AMD. Despite some reprieves over the years, the General Court recently upheld the decision, with the possibility of further appeals to the EU Court of Justice. This ruling reflects the EU's efforts to combat market malpractice and ensure fair competition in the tech industry.