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Aug052010

Intel, FTC settle ‘anticompetitive behavior’ antitrust suit

Intel and the Federal Trade Commission announced a settlement on charges that “the chipmaker used its dominant market position to stifle competition. The case had originally been brought against Intel in December of last year. As a result of the settlement, Intel will be barred from offering payments to customers that choose to buy its chips exclusively. It’d also not be permitted to take negative action against those who may purchase chips from competitors, nor to modify their own chips to harm competitors.

“This agreement provides a framework that will allow us to continue to compete and to provide our customers the best possible products at the best prices,” said Doug Melamed, Intel svp and general counsel. “The settlement enables us to put an end to the expense and distraction of the FTC litigation.”

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