New Delhi, Dec. 10 -- Europe's General Court, the EU's second-highest judicial body, delivered a ruling on Wednesday regarding a major antitrust case involving US chip giant Intel Corp. .

The court rejected Intel's main challenge against the European Commission's finding that the company illegally abused its dominant market position to harm competitors, notably Advanced Micro Devices (AMD).

However, the court provided Intel with a significant financial relief, by reducing the associated antitrust fine from the original €376 million to €236 million (approximately $275 million). This represents a €140 million cut.

"An amount of 237,105,540 euros is a more appropriate reflection of the gravity and duration of the infring...