Intel sought to quell rising complaints over its business practices as it agreed on Thursday to pay $1.25bn to settle a private antitrust lawsuit from rival chipmaker Advanced Micro Devices, ending one of the longest disagreements in US business. AMD has long complained that Intel uses unfair methods to prevent computer makers buying its chips. Those complaints, which Intel denies, led to regulatory action against Intel in Japan, South Korea and the EU, and last week brought a lawsuit from Andrew Cuomo, New York attorney-general. The new Federal Trade Commission has also begun an investigation of its own.

This entry was posted by Gwen Robinson on Friday, November 13th, 2009 at 4:48 and is filed under Capital markets. Tagged with AMD, Intel. Edit this entry.