World’s Largest Chipmaker Company Intel Settles NY Antitrust Case For A Mere $6.5 Million

Posted on Feb 10 2012 - 9:50am by Editorial Staff

The settlement ends a November 2009 Delaware case, the world’s largest chipmaker, Intel agreed to pay (a mere amount of) $6.5 million to resolve antitrust lawsuit in which New York based attorney general accused the company for threatening computer makers and paying billions of dollars to maintain its market dominance.

According to Reuters, “Cuomo had accused Intel of violating state and federal antitrust law through a “systematic worldwide campaign” to bully customers into buying its personal computer chips, at the expense of rival Advanced Micro Devices Inc.”

“But the lawsuit lost much of its punch when U.S. District Judge Leonard Stark said the state could not seek triple damages, and was allowed to pursue claims over just three years of computer purchases, not four or six as it had sought.”

Intel in 2010 also accused of unlawfully stifling competition in microprocessors, of which FTC later settled a case – the similar year company also found accused of making more than 40 corporate governance changes.

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