FTC to announce details of Intel settlement
By Jia Lynn Yang
Computer chip giant Intel has settled its antitrust case with the Federal Trade Commission, according to the agency, which will announce the specifics of the deal Wednesday morning.
Rather than go to trial, the two sides have agreed to a settlement. The agency sued Intel in December, charging the firm illegally used its dominance in the chip market to strong-arm computer makers into using its microprocessors, rather than those made by rivals including Advanced Micro Devices.
Intel spokesman Chuck Mulloy declined to comment Tuesday evening.
Late last year, Intel reached a $1.25 billion settlement with AMD in a private lawsuit that alleged antitrust and patent-licensing violations. The European Union also fined the company $1.45 billion last year for alleged anti-competitive practices.
Posted by: mhenriday | August 4, 2010 10:47 AM | Report abuse
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