EU court cuts Intel's EU antitrust fine

BRUSSELS, Dec 10 (Reuters) - Europe's second-highest court on Wednesday rejected U.S. chipmaker Intel's INTC.O challenge against a 376 million euros ($438 million) EU antitrust fine imposed two years ago for thwarting rivals, but cut the fine by 140 million euros.

"An amount of 237,105,540 euros is a more appropriate reflection of the gravity and duration of the infringement at issue," the Luxembourg-based General Court said.

The European Commission, which acts as the EU competition enforcer, handed out the fine in 2023 after the tribunal threw out its earlier penalty of 1.06 billion euros imposed in 2009 for blocking Advanced Micro Devices AMD.O.

The case is T-1129/23 Intel Corporation v Commission.

($1 = 0.8593 euros)