Tags: US | TEC | Intel | FTC | Antitrust

Intel to Change Practices in FTC Settlement

Wednesday, 04 Aug 2010 10:40 AM

 

Intel has agreed to change some of its practices to settle a federal antitrust lawsuit alleging a decade of abuse.

Intel Corp. is calling a truce in one of its last major antitrust battles over its behavior in the market for computer chips. Among the provisions in the tentative settlement, Intel would be prohibited from withholding benefits from computer makers that also do business with Intel's rivals.

The settlement with the Federal Trade Commission announced Wednesday extinguishes the harshest lawsuit Intel has faced yet from government regulators, who have accused Intel of illegally bullying computer makers and sabotaging rivals to protect its dominance.

Intel has been slapped with a $1.45 billion fine in Europe and separate cases in South Korea and New York state. Intel is contesting them.

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