Intel slapped with federal antitrust suit

Posted on Wednesday, November 04 2009 @ 19:20 CET by Thomas De Maesschalck
NY Times reports New York's attorney general, Andrew M. Cuomo, filed a federal antitrust lawsuit against Intel. Cuomo charges that Intel violated state and federal laws and used bribery and coercion to maintain a stranglehold on the market:
The lawsuit charges that Intel violated state and federal laws by abusing its dominant position in the chip market to keep its main rival, Advanced Micro Devices, at bay. Intel has faced similar lawsuits in Asia and Europe, and in May the European Commission fined the company a record $1.45 billion for antitrust violations.

...

“Rather than compete fairly, Intel used bribery and coercion to maintain a stranglehold on the market,” Mr. Cuomo said in a statement. “Intel’s actions not only unfairly restricted potential competitors, but also hurt average consumers who were robbed of better products and lower prices.”




Loading Comments