Intel settles FTC antitrust lawsuit, squashes widest-ranging charges; details pendingBy Jordan Robertson, AP
Tuesday, August 3, 2010
Intel, FTC settle antitrust case, as expected
SAN FRANCISCO — Intel Corp. has settled an antitrust lawsuit filed against it by the Federal Trade Commission.
The two sides confirmed the settlement late Tuesday and the FTC scheduled a news conference for Wednesday morning to release details. Neither side would comment further.
With the settlement, which was expected, Intel is sweeping away one of the last reminders of a bitter, yearslong campaign by a major rival that caused the world’s biggest semiconductor company a world of legal pain.
The rival — Advanced Micro Devices Inc. — helped convince regulators around the world that Intel’s sales tactics harmed consumers and illegally injured rivals. Intel is accused of bullying computer makers into avoiding rivals’ chips and sabotaging rivals’ attempts to get their chips to work with Intel’s.
Tags: Monopoly And Antitrust, North America, San Francisco, United States