Intel will have to pay a record fine of 1.06 billion euro ($1.43 billion) for anticompetitive behaviors in Europe after losing a challenge against the judgment this morning. Intel received the fine from the European Commission five years ago, but its been challenging it since on the grounds that it was too strong a punishment. The commissions General Court disagreed, finding that the fine was appropriate in light of Intel taking advantage of its dominant position in the market. The Commission previously found that Intel had violated the EUs Antitrust Regulation by granting rebates to companies, including Dell, HP, and Lenovo, for acquiring all or nearly all of their chips from Intel.
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