Intel Settle antitrust case With FTC
Intel Corp has agreed to stop using threats and bundled prices to hamper competition. On Wednesday, the Federal Trade Commission said Intel Corp settled charges that it illegally mistreated its market dominance in microprocessors.
The world's largest chip maker also agreed to give makers of complementary products access to its central processing units for the next six years.
The deal bars Intel from retaliating against computer makers if they do business with non-Intel suppliers.
FTC Chairman, Jon Leibowitz said, "Because the relief begins right now, we believe we will begin to see a more competitive landscape very soon."
Intel makes 80 per cent of the world's microprocessors.
The company, which has denied any misconduct, said it did not believe the changes to its business practices would have a material impact on its financial results.
Intel has been under attack from rival chip makers for years over its aggressive pricing and sales tactics.
Urged on by Intel archrival Advanced Micro Devices and graphics chipmaker Nvidia Corp the FTC in December accused Intel of illegally using its market dominance to stifle competition.
In its complaint, the FTC said Intel had been trying to shut out competitors in exercises that dated to 1999 -- the same year the agency settled a previous antitrust fight with the company.
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