Intel will today hear the outcome of its challenge at the European Union's General Court to a record €1.06 billion fine for unfairly squeezing out rivals.

After an eight-year probe, Intel was fined by the EU for giving computer makers rebates for buying most of their chips from the California-based company, thwarting efforts by its nearest rival, Advanced Micro Devices (AMD), to gain customers.

The investigation was triggered by AMD’s complaint in 2000.

– (Bloomberg)