Wednesday, August 4, 2010

News:Chipmaker Intel settles FTC antitrust lawsuit

US chipmaker Intel has settled an antitrust lawsuit filed against it by the US Federal Trade Commission (FTC).

Charges that Intel had "illegally stifled competition" have been resolved, the FTC said.

Intel had been accused of "a systematic campaign to shut out rivals's competing microchips by cutting off their access to the marketplace".

Intel is the world's largest chipmaker, making 80% of the microprocessors for the world's personal computers.

There were no details on any money changing hands as a result of the settlement.

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