Posted in: Desktop computers, Various

The war is over! Intel agrees to pay AMD $1.25 billion in antitrust settlement

by 5 comments

It’s either Intel are too often being caught red-handed or their lawyers are total crap. The company just lost another 1.25 billion US dollars, which should go to its main rival AMD.

In short, Intel have promised to behave themselves and pay the fine, while Advanced Micro Devices have agreed to drop the antitrust lawsuit filed in 2004. So offering inducements to customers and retailers in exchange to make them dealing with Intel and forget about AMD is now completely out of line. Did they really need to go to court (and lose twice) to learn that?

We remind you that some time ago the European regulators filed a separate case that ended with another 1.5 billion US dollars fine for Intel. Intel is still appealing on that but we cannot see them achieving anything but delaying the inevitable. And just last week New York attorney General Andrew M. Cuomo filed a federal antitrust lawsuit against Intel that accuses the company of bribery.

We doubt that Intel and AMD will become best friends anytime soon but the companies promised to turn a new page in their relationship (“fierce but fair competition” they say). Yeah, that will last!

Source

Comments

Rules for posting