An antitrust lawsuit filed by New York’s attorney general against Intel has been settled at a fraction of the original damages sought. Intel paid $6.5 million to settle the suit, which alleged that the company threatened PC companies and offered huge subsidies to make sure they would keep selling Intel-based computers. As part of the terms of the settlement, Intel will not be admitting any wrongdoing, and will not need to make any changes in its business practices.
Intel settles antitrust case with New York for $6.5 million
Intel has settled an antitrust case filed against it by the New York attorney general for $6.5 million. As part of the settlement, the company will not be admitting any culpability for anti-competitive sales practices.
Intel has settled an antitrust case filed against it by the New York attorney general for $6.5 million. As part of the settlement, the company will not be admitting any culpability for anti-competitive sales practices.
is a senior tech and policy editor focused on online platforms and free expression. Adi has covered virtual and augmented reality, the history of computing, and more for The Verge since 2011.
This incredibly favorable result for Intel was made possible by a December court ruling that dismissed many of the charges, saying they were outside the statute of limitations for Delaware, where the claim was filed. Intel says the money it did pay was merely to defray court costs for the attorney general. Intel is still appealing claims of similar behavior in the European Union, where it was fined over a billion euros and ordered to end its practice of offering “rebates” to PC makers who used Intel chips exclusively. However, this settlement marks the end of the company’s active trial-level antitrust suits.
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