Intel slapped with €376m fine by EU competition regulators 

EU court originally wiped out a record €1bn penalty against the chipmaker over alleged illegal rebates offered to squeeze out rivals

Intel has been slapped with a fresh €376m fine by European Union competition regulators after an EU court had wiped out a one-time record €1bn penalty against the chipmaker.

The European Commission said it reimposed the smaller fine for “a previously established abuse of dominant position in the market for computer chips called x86 central processing units” after it found that Intel had “engaged in a series of anticompetitive practices aimed at excluding competitors from the relevant market in breach of EU antitrust rules”.