Nov 09
12
Intel settles AMD claims but isn’t off the hook
Intel Corp. is paying Silicon Valley rival Advanced Micro Devices Inc. $1.25 billion to squash a legal battle over Intel’s sales tactics, a rift that led to antitrust charges against Intel in several countries and was headed toward a costly and nasty trial next year.
The settlement announced Thursday between Intel and AMD — which make essentially all the microprocessors that serve as the brains in today’s personal computers — doesn’t let Intel off the hook. It still has to deal with the antitrust charges that AMD pressed governments to file.
The biggest case is in Europe, where regulators have fined Intel a record $1.45 billion over what they described as Intel’s illegal tactics to bully PC makers into choosing Intel chips over AMD’s. EU spokesman Jonathan Todd said that the European Commission “takes note” of Intel’s settlement with AMD but that it does not change Intel’s duty to comply with European antitrust law.
Intel is also fighting an $18.6 million fine in Korea, and a federal lawsuit filed last week by New York Attorney General Andrew Cuomo, who accused Intel of abusing its market dominance to “rule with an iron fist.” The U.S. Federal Trade Commission also is investigating.
Continued at Yahoo Tech News
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