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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.

By Jia Lynn Yang  |  August 4, 2010; 8:19 AM ET
 
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Comments

Ms Yang, two perhaps not so minor corrections : 1) It was not the European Union, but the European Commission that levied a fine of 1.06 thousand million € on Intel, and 2), the Commission did not do so for «alleged anti-competitive practices», but only after a thorough investigation had established that Intel had indeed abused its «dominant position on the x86 central processing unit (CPU) market». The details are available here : http://ec.europa.eu/competition/sectors/ICT/intel.html ....

Henri

Posted by: mhenriday | August 4, 2010 10:47 AM | Report abuse

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