Intel scores major win as court scraps $1.2 billion EU antitrust fine

FILE PHOTO: The Intel Corporation logo is seen on a display in a store in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly/File Photo GLOBAL BUSINESS WEEK AHEAD

(Reuters) - Intel on Wednesday won its fight against a 1.06-billion-euro ($1.2 billion) EU antitrust fine that the U.S. chipmaker was handed 12 years ago for stifling a rival, in a major setback for EU antitrust regulators.

The judgment by Europe's second-top court in support of Intel's arguments is likely to cheer Alphabet unit Google in its fight against hefty EU antitrust fines and Apple, Amazon and Facebook, which are in the EU antitrust enforcer's crosshairs.