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Intel loses court challenge against $1.4 billion EU fine

Intel loses court challenge against $1.4 billion EU fine

LUXEMBOURG: U.S. chipmaker Intel lost on Thursday its challenge against a record 1.06 billion euro ($1.44 billion) European Union fine handed down five years ago, as Europe's second highest court said regulators did not act too harshly. The European Commission in its 2009 decision said Intel tried to thwart rival Advanced Micro Devices (AMD) by giving rebates to PC makers Dell, Hewlett-Packard Co, NEC and Lenovo for buying most of their computer chips from Intel. The EU competition authority said Intel also paid German…