A punishment of 376 million euros ($400 million) was imposed on Intel (INTC.O.) on Friday as a result of an EU antitrust investigation into the American chipmaker's almost two-decade-old anti-competitive practice to thwart competitors.
The General Court of Luxembourg, which has the second-highest penalties in all of Europe, overturned an original record fine of 1.06 billion euros in 2009 for the crime and other practices last year.
The EU antitrust authority reopened the case after the court ruled with the European Commission that Intel had improperly barred rivals from the market.
The European Commission issued a statement stating that "the General Court confirmed that Intel's naked restrictions amounted to an abuse of dominant market position under EU competition rules."
The corporation stated in a statement, "We are reviewing the verdict and the fine amount to evaluate the probable reasons and possibilities of success of an appeal to the European Courts.
In order to construct a chip manufacturing plant in Germany, Intel is now awaiting Commission permission for approximately 10 billion euros in German state subsidies.
The other portions of the General Court's decision from last year concerning Intel's conditional rebate offers have been challenged by the Commission before the EU Court of Justice, the highest court in Europe.