Intel to challenge antitrust fine in EU court

Intel will ask Europe's second-highest court in July to scrap a 1.06 billion euro ($1.4 billion) European Union antitrust fine, arguing regulators failed to prove it blocked a rival in their 2009 decision. The European Commission, which acts as EU competition regulator, penalized Intel with its largest ever corporate fine because of anticompetitive tactics against arch-rival Advanced Micro Devices. The decision came after an eight-year-long investigation. Intel will argue its case in a four-day hearing at the Luxembourg-based General Court on July 3 to 6.