Intel, AMD Reach Truce in Long War By DON CLARK and JERRY A. DICOLO
Wall Street Journal Online
Intel Corp. agreed to pay $1.25 billion in a far-reaching legal settlement with Advanced Micro Devices Inc., a step that shores up its much smaller rival and may help defuse the mounting antitrust scrutiny Intel faces across the globe.
The agreement, which comes after two decades of antitrust and patent disputes between two makers of chips that power nearly all personal computers, follows adverse rulings regarding Intel's practices by regulators in Europe and Asia. Many of those probes were triggered by AMD's complaints.
Chip rivals Intel and AMD announce a legal settlement that includes a $1.25 billion payment by Intel and a new set of rules for how Intel conducts business. WSJ's Tech Editor Julia Angwin tells the News Hub how the move shows new signs of humility from Intel. But the deal stops short of preventing Intel from offering some of the rebates and discounts that have figured prominently in the antitrust investigations. Nor does it necessarily mean that regulators in the U.S. or Europe will back off. Intel is appealing a European Union ruling that included a $1.45 billion fine for alleged anticompetitive behavior; meanwhile, some observers believe the U.S. Federal Trade Commission is close to filing a case against Intel
In a statement, the EU's competition commission said it will continue to "vigorously monitor" Intel's behavior. EU regulators pressed their antitrust case against Microsoft Corp. for years after the software giant agreed to pay billions of dollars to settle with key adversaries, like Sun Microsystems Inc.
:woohoo:
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