Intel Hit Hard by AMD Antitrust Lawsuit
- Scribbled on November 12th, 2009 by Jonathon Howard
- Filed in Industry News, Legal Brief
Intel has agreed to pay Advanced Micro Devices (AMD) $1.25 billion dollars in exchange AMD will drop all suits in the United States and Japan as well as retract complaints it’d made to anti-trust regulators around the globe. Intel will also be abiding by a set of “business practice provisions” that are undisclosed.
AMD has been pursuing legal means against Intel for the last five years, accusing the company of breaking antitrust laws to limit AMD’s market share.
This news is just the latest in a string of payouts that Intel has had to make. In May, the company was fined $1.45 billion by the European Union and last year, Korea’s Fair Trade commission fined them $18.6 million. Intel is appealing both of those decisions. In 2005, the Japanese government ruled that the compnay had broken the country’s antitrust laws but was not fined. The company is currently under investigation by the United States Federal Trade Commission.
(Thanks, USA Today.)
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